CryptoComes

Ethereum (ETH/USD) prepares for the uptrend

Long
BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Ethereum develops its consolidation as there is no clear tendency currently. The currency pair decreases volatility on falling volumes, but this may be sign of future significant fluctuations and huge trend. I still think that bulls will take control over Ethereum and drive it to my targets at least.

Ethereum stays within the range, limited by the resistance area at $473.39 and the support at $453.24. The currency pair had no significant fluctuations during the weekend. It forms a kind of a triangle currently. I still expect ETH/USD to resume the uptrend and to reach my targets which is at $500.36. I personally think that bulls have such an opportunity to regain control.
While the market is flating between the two levels, you can also try to open long trades at the support area selling the currency pair when it is close to the resistance.

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