Ethereum right on major support, watch for a potential bounce!
Ethereum has dipped to our first major support nicely as expected. Support is at 1162 (Fibonacci retracement, horizontal pullback support) where a further rise could occur from to push price up towards 1282 resistance (Fibonacci extension, horizontal pullback resistance, elliott wave structure).
RSI (34) is seeing ascending support hold up price really well in this bullish run.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (34) is seeing ascending support hold up price really well in this bullish run.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results