The Ethereum/USD chart has been very interesting the past few days. We have consistently closed candles both red/green with this ~$1,380 level, with the psychological barrier of $1,400. That failed to hold today, so I think we will see some more steam tomorrow. That being said, it has still been holding strong and outperforming Bitcoin so I think there will be more push. I think in the likely scenario we will be testing $1,400 and if that breaks through we will see some big gains. Otherwise if it fails, I think we will retest $1,370-1,380 range and possible drop a lot lower.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.