Hello Traders!
The price of ETH is moving within the uptrend.
On the daily timeframe, MA100 is in support, RSI indicator is in the bullish zone.
You can look for purchases in the range of $4372 - $4625
The nearest support is in the range of $3970 - $4167
It is better to place a stop loss below the support level at $3875
The targets for trend continuation are at $5250 and $5510
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
The price of ETH is moving within the uptrend.
On the daily timeframe, MA100 is in support, RSI indicator is in the bullish zone.
You can look for purchases in the range of $4372 - $4625
The nearest support is in the range of $3970 - $4167
It is better to place a stop loss below the support level at $3875
The targets for trend continuation are at $5250 and $5510
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice