Ethereum is set for another pump. The ADX entered neutral area just this morning and the last 3 highs in price are mirrored by the MACD so that the RSI and the Bollinger Bands can be ignored for now. The moving averages are below the price and indicate an ongoing expansion. If the current test of the old resistance line at 390 USD that derives from the last 2 tops is confirmed broken upwards, I'm positive that the current upwards trend will carry ETH to new highs. In case the price bounces, a test of the SMA 200 around 260 USD is immanent.
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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.