ETH Unstoppable

ETHUSD CHART PRICE – ETHUSD DAILY

Ethereum has been on an uptrend since July 21st, ever since it has had massive gains and it seems to be unstoppable, it went from 5530 to 7064 in just 6 days, this is more than 50% increase in a very short period of time, although we had not seen movements like these in the last 4 months, cryptocurrencies are always volatile and they tend to move very aggressive, it’s hard to determine when this uptrend could stop, the usual indicators are up the roof, like the Relative Strength Index is currently at 85% and the price is continuing to rise, the price is currently above the highest band on the Bollinger bands indicator, and the moving averages crossed a few days ago also indicating the uptrend if you are a conservative trader I would recommend you to trade other pairs since it’s hard to determine when the climb could stop and how its gonna behave after it stops.

This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.