Ethereum still moving in a big rising channel and now traded near median of a channel.
Technicals show many bullish signs, but there is still chance to move down.
EMA`s gives us clearest picture of the movement.
Weekly EMA 300 is old dynamic support which kick price back every time when touch and for now EMA 300 close to 0.236 level on all-time Fibo.
You can feel free to open a long position at 1200-1300 USDT area.
And resistance/target levels we can see on Fibo/EMA.
Firts strong resistance — 0.382 Fibo level — 1860 USDT.
Technicals show many bullish signs, but there is still chance to move down.
EMA`s gives us clearest picture of the movement.
Weekly EMA 300 is old dynamic support which kick price back every time when touch and for now EMA 300 close to 0.236 level on all-time Fibo.
You can feel free to open a long position at 1200-1300 USDT area.
And resistance/target levels we can see on Fibo/EMA.
Firts strong resistance — 0.382 Fibo level — 1860 USDT.