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ETHMXN CHART PRICE – ETHMXN DAILY
Ethereum has been pretty steady the last few days unable to break $5326, and bouncing at the support level of $5072, we can expect the price to move sideways in the next hours or eve days, but we need to keep an eye on the RSI level currently at 54%, if it increases in the next hours we could see the price go up a little bit, our target level is still $5530 but there is no clear indication that this could happen in the short term, bollinger bands are getting narrow, meaning that there will not be a lot of action for this pair. If it breaks $5317 and the RSI level goes to at least a 58-62% then we can expect the price to move up. Price is trading above the Ichimoku cloud and the moving averages indicate an uptrend, but its too soon to place a long trade, keep an eye on this pair.
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.
