The price of the ETHUSD apparently moves towards the level of $ 787, which is the abolition of 38% Fibonacci previous decline. To reach this level, the price must be above $ 712 after the end of wave 4. The closest support for bulls is the level of $ 519 and $ 510.
Breaking the market above the golden downward trend line is promising in itself and may indicate that the downward trend in this cryptovalue has ended.
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.