1-Hour Time-Frame Analysis For Ethereum

Price action has moved up from the previous consolidation zone and may now be preparing for a push above the significant $380 level which we've covered in the past few analyses:

So far on the 1-hour time-frame, MACD is moving up, price is forming a typical consolidation pattern, price is also above the 1-hour Ichimoku Cloud.

We'll be watching closely but so far we're cautiously bullish. We expect new BUY signals to start appearing on the SparksterSignals backtesting platform for some of the high profit strategies (as certain technical indicator combinations turn bullish) — link below.

Our next chart will plot ETH vs BTC to see any clear signs of either one excelling near-term.

Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.