ETHUSD on a 4 Day Winning Streak

ETHUSD CHART PRICE – ETHUSD DAILY

Ethereum rebounded after almost reaching its support level at 363 in previous days, now the price could test the resistance at 447 and have a breakout or bounce back to the low 400s level, we see that the relative strength index is high, currently at 64%, but this has not stopped the crypto climb in the past, we also see the bollinger bands getting wider which means we can expect volatility, there are fundamental factors driving the prices of cryptocurrency to high levels again, I would wait to see if the price breaks the resistance and starts taking off before placing a trade.

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.