For ETHUSD to turn decisively higher, the RSI should break the resistance of 50.
As for the moment, this is not happening and I expect a pullback to $1950-$2000 zone.
This price range nicely coincides with 200 day moving average.
Once the price touched this price range, a bounce would increase the chances of bullish continuation.
Historically 200 MA provided strong support for this pair.
Happy Trading!
As for the moment, this is not happening and I expect a pullback to $1950-$2000 zone.
This price range nicely coincides with 200 day moving average.
Once the price touched this price range, a bounce would increase the chances of bullish continuation.
Historically 200 MA provided strong support for this pair.
Happy Trading!