Ethereum Can Recover And Move Up!

Ethereum (ETHUSD) is looking a bit differently than Bitcoin as its price is currently trading below EMA10.

It can surprise though as this is still above the 12- and 27-May support, a higher low.

We keep it simple...

• Bullish above $1700.
  
• It can go bearish below this level but any shakeout, squeeze or sudden move and we stay bullish for the weeks to come.

As a recovery is more likely now than before.

Namaste.