After struggling to stay above 350, Ethereum has made some progress in the trading session, there is still a long way to go and anything could happen in the next hours but it looks like a good start, the price has entered the ichimoku cloud and at this point there is a bit of uncertainty in the markets for this pair, however the Relative Strength Index seems relatively low, currently at 50%, and the price trades right in the middle of the bollinger bands which seem very steady, they have not move much in the last 8 trading sessions, the price continues to move sideways and at this point we cannot really expect a trend, although the price has been making progress since then.
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.