ETH/USD Bulls Finally Find Support

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
The whole crypto market celebrates Facebook decision as Ethereum has made his way upwards on Saturday following Bitcoin . ETH/USD has almost no changes in the past 24 hours, but the momentum during the weekend was huge. The currency pair seems to change its moods to positive.

When we look closer at the Hourly chart we can see that Ethereum has crossed $417.28, $431.42 resistance areas and is currently testing $453.24 resistance area . We have a Flag pattern here as well meaning bulls have chances to drive the currency pair even higher, targeting the next resistance at $473.29.
If buyers will be able to reach this green flag area, they will test it and once successful, they will be able to drive ETH/USD higher.
However, we advise to pay attention to the red flag as well. If the Flag pattern fails to develop, the price will fall towards the support area at $431.42.

Check the full crypto analysis HERE>>>.


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