EthereumLong
Range Trading between 120 and 200 days EMA
That's too bad it(ETHUSD pair) did not test high side again but test the low side after last Friday touch a new high (1677).
We see cross trading between Ethereum and Bitcoin (Buy Bitcoin and Sell Etherem) actively as safe guard.
Althought price drop and volume decrease could be viewed as bullish signal, but should be caution the revesal. Long term pressure is still a big pressure.
Let's watch 1500-1525 could hold or not.
If it could not hold, a further correction might be coming.
We see cross trading between Ethereum and Bitcoin (Buy Bitcoin and Sell Etherem) actively as safe guard.
Althought price drop and volume decrease could be viewed as bullish signal, but should be caution the revesal. Long term pressure is still a big pressure.
Let's watch 1500-1525 could hold or not.
If it could not hold, a further correction might be coming.
Related publications
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.
Related publications
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.