The future and possible paths of Ethereum

Ethereum was traded inside the range channel the day before and in the $ 1190 range.
Today, the $1,210 resistance has been broken. Now, there is another major resistance in the upward path of Ethereum, which is at the point of $1,227. If this resistance is broken and the price stabilizes above it, the next targets are $1,250, $1,275, and $1,309.
On the opposite side, if Ethereum fails to stabilize above the $1,210 resistance (and this is a fake breakout), the first support is in the $1,195 range. The next supports are $1185, $1150, and $1120.
You can act to open long or short positions by breaking the resistances and supports. Be sure to use tight stop loss in your transactions.

Commentaire:

We'll keep this post updated in case a major change happens!

Transaction en cours:

In the 1-hour time frame, the upper shadow of the candlesticks and the closing of a strong descending candlestick can signify a range trend and a full pullback to the $1210 to $1207 area.