ETHUSD: Ether Above $3500
Ethereum is moving in a strong bullish momentum after crossing the $3500 handle, and any dip is reinforced with fresh buying pressure in ETHUSD. ETH is now on its path towards crossing the Fibonacci resistance levels of $3615 and classic resistance levels of $3644 today.
Ether is expected to maintain the bullish tone this week and continue towards the $4000 mark as the bulls take over. Today in the Asian trading session ETHUSD touched an intraday low of $3470.
ETH is now moving above both the 100 hourly and 200 hourly moving average. After reaching the $3600 level, prices are expected to consolidate towards $3550.
- Ethereum is on a bullish run towards $3750
- Short term to Medium term outlook remains bullish.
- Staying above both the 100 hourly simple and exponential moving averages
- The ETHUSD is expected to cross $3850 in the opening of next week. .... More info: blog FXOpen
Ether Uptrend Channel Formations