Ethereum Gains Ground After 2 Days of Losses

ETHMXN CHART PRICE – ETHMXN DAILY

Ethereum has had significant gains on today’s trading session, more traders are going long as we see the Relative Strength Index up 4% this happened after the price hit the support level at $5,072 and is currently bouncing back up, it’s a good time to go long and set a target price level at 5490 which has been reached in the last week, price is still trading above the Ichimoku Cloud we can see a good chance for the price to continue to go up, we expect low volatility as the Bollinger Bands are getting narrow, however we can expect these target price to be reached in a few days, if we wait, it might be too late to go long on ETHMXN.

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.