Ethereum: The Best Zone for Buying

So, about Ethereum. The price broke the resistance zone formed by SMA100 and the downtrend line. It gives us a trend reversal signal. It is a strong bullish signal. What's next?

If the market continues the upward movement, the next barriers will be at SMA200 and 200.00 resistance level. They will be able to stop and reverse the upward movement and push the price downward.

If so, it will open new trade opportunities, and the best zone for buying will be at 153.00 and the uptrend line. I mean it is the best zone from TA point of view. But the crypto markets like to show unpredictable and manipulated movements. So, don't be surprised if you see Ethereum at 500.00 during the next week)



Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.