Ethereum is trading at a crucial support zone and there can be a reversal.
Though, on a 60 minute time frame, the moving averages crossover is showing some bearish trend.
On a 15 minute time frame, the coin taking support for the zone and strong bullish candle are being formed.
Support :- 2945,2850
Resistance :- 3020, 3100
Watch for the candle to close above is 20 ema on 60 minute time frame, as it has been taking resistance from the static level.
It can travel upto 200 ema once it gives a strong close above 20 ema.
Price action and volume analysis must be used.
Though, on a 60 minute time frame, the moving averages crossover is showing some bearish trend.
On a 15 minute time frame, the coin taking support for the zone and strong bullish candle are being formed.
Support :- 2945,2850
Resistance :- 3020, 3100
Watch for the candle to close above is 20 ema on 60 minute time frame, as it has been taking resistance from the static level.
It can travel upto 200 ema once it gives a strong close above 20 ema.
Price action and volume analysis must be used.
