Ivan_Olyanskiy

ETH Globally for growth

INDEX:ETHUSD   Ethereum
ETH looks very strong this month. Despite the potential for a reversal, the momentum is climbing, and it has broken out of the Overbought (OB) zone with buyers coming in. The bullish impulse hasn't started yet.

The weekly chart looks a bit weak.

On the 3-day chart, there's a likelihood that it will test $2400 again. But it all depends on whether Bitcoin will make another move upwards.

There was a signal to close long positions and two orange bars indicating a potential reversal.

$1700 is a good level to consider buying.

The daily chart is going sideways, but there were two strong signals indicating a reversal.


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