ETHMXN New High in More Than 2 Years 

ETHMXN CHART PRICE – ETHMXN DAILY

Ethereum found a new high since June 2018, the cryptocurrency grabbed strength and finally broker the resistance set at previous high, now it looks like it will have a small setback since the relative strength index is at 71%, although we have seen this to be unimportant for a pair driven by an eager market in the cryptoword, the bollinger bands are getting wide on the edges and this means high volatility and a potential trend change, could this be the time to go short? We do not see clear indications of a downtrend, only time would tell us how high ETH could go, if you are not looking to take a high risk on a trade, we would suggest you to stay out for now, the price could go either way, based on fundamental factors the price could find new highs, but its hard to back that up with technicals.

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.