Coinpedia-Market-Insight

Ethereum retest and rally

BINANCE:ETHUSDT   Ethereum / TetherUS
* Ethereum breaks it's resistance of $2650, and is retesting the same level.
* After a proper retest it can gain the $2850 level, to continue it's bullish rally Ethereum needs to break $2900 level.
* And it also formed RSI divergence, where the price action and the indicator no longer shows the same momentum, including the 50 moving average is also moving below the price.
Trade closed: target reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.