Ethereum is moving above resistance and growing slowly... But, what comes next?
We can see that Ethereum (ETHUSD) is breaking/challenging the trendline from the top hit on the 6-Aug. A good close above this trendline, which coincides with EMA50 ($176.38), can signal that ETHUSD is moving higher... But, where to next?
If EMA50 can be conquered, next comes ~$185 or EMA100. Followed by $195 and $205 price range.
Ethereum and Bitcoin
Chart:
With Bitcoin (BTCUSD) moving pass EMA10 already, we know Ethereum (ETHUSD) to follow, so it can easily move pass above this resistance and go higher... We have bullish divergence showing up on the MACD as well... But, how far up can it go?
This is yet to be seen, we can be looking at a small bounce or something bigger... As the candles start to close, we will have a better picture, these are short-term/early signals.
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