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Oct 21, 2021 9:44 AM

ETHUSD long view Long

Ethereum / U.S. dollarBitstamp

Description

ETHUSD surpassed yesterday's psychological level at $ 4,000, climbing to a new high of $ 4,250 during the Asian session. The price of ETHUSD is in a strong bullish trend, and we can expect soon testing the previous historically high at $ 4380.
Bullish scenario:
• Price continues this positive consolidation.
• Moving averages and the bottom trend line of the trend are our additional support.
• Chart make FLAG pattern
• Our upper resistances are $ 4250, next at $ 4325, and historically high at $ 4380.
Bearish scenario:
• The price should form a negative consolidation below $ 4100.
• First support is at $ 4000 with the MA20 moving average.
• The next support is at $ 3900 with the MA50 moving average and the bottom trend line.
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