alanmasters

Ethereum Tight Between Support & Resistance, Still Bullish

BITMEX:ETHUSD   ETHUSD Perpetual Futures Contract
Ethereum ( ETHUSD ) is now trapped within two Exponential Moving Average ( EMA ) lines, that is EMA50 and EMA100.

On the chart above I've drawn the consolidation path (light blue) and the next target if ETHUSD breaks either to the upside or downside.

Thanks to the last strong bounce and the fact that ETHUSD is now trading above EMA10/50, we go in favor of the bulls.

So we can see ETHUSD consolidate sideways with bullish tendencies.

Thanks a lot for reading.

Namaste.
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