Ethereum (ETHUSD) Solid Chart (Follow Up Update) vs Bitcoin

Jan 24, 2021

ETHUSD (Ethereum) continues trading within an ascending channel and now the chart is looking better now than two days ago when I shared my last update.

Prices are strong while above EMA10, EMA21, EMA50, EMA100, and all major EMAs.

The MACD is clearly on the bullish side.
The RSI is now sitting at 58.95.

When we look at the daily timeframe, we can see that Ethereum is trading above EMA10.

These signals are telling me that ETHUSD can move up next.

Conditions for change/notes
If prices break down and close below "support", this chart setup is invalidated.

Please leave a comment with your views...

What's your take?
Will Bitcoin and Ethereum detach?
Or will Ethereum move ahead and Bitcoin follows with bullish growth?

Thanks a lot for your continued support.

Namaste.

Jan 25, 2021

Note

New All-Time High hit today for Ethereum... 😊

Feb 6, 2021

Note

Perfect hit at resistance 5-Feb.