Bottom Line: Bullish against 310.95.
Key Levels: Below 370.83, 310.95, 315.36 Above 488.12
Outlook: Expecting ETH to recapture its 488.12 high and beyond.
Analysis: The break above 460.02 signals the fourth wave triangle consolidation discussed yesterday is complete, and the further move above 468.42 today puts Ether back on track to challenge the next upside hurdle at 488.12. The bulls are in control while 441.16 stays intact as support.
Key Levels: Below 370.83, 310.95, 315.36 Above 488.12
Outlook: Expecting ETH to recapture its 488.12 high and beyond.
Analysis: The break above 460.02 signals the fourth wave triangle consolidation discussed yesterday is complete, and the further move above 468.42 today puts Ether back on track to challenge the next upside hurdle at 488.12. The bulls are in control while 441.16 stays intact as support.
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Note: Prices can vary between Ethereum exchanges. Consequently, there may be differences in our chart prices due to different data sets. Our analysis is for information only. We recommend that people avoid trading on unproven exchanges vulnerable to hacking and theft.
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Bottom Line: Subdividing higher within wave (3).
Analysis:
ETH achieve a break of the cited key level at 420.84. We expect it should trade higher against the recent 370.83 low. A break of 488.12 is the next upside objective for the bulls.