Bro, looking at the chart, it seems ETH is currently in recovery mode 📈
*Current scene:*
- Price: $1,631.29, up 4.27%
- On the 4h chart, MA(7) has crossed $1,603, which is a good sign
- MA(25) at $1,663 is acting as resistance. If we break this, the next level could be $1,712.83 and then $1,825.07
- MA(99) at $1,938 is still quite far away
*How much higher will it go?*
Short term: If we break $1,663 with volume, we could see $1,712. If we break $1,850, then the $1,937 level might come into play.
However, the % for 7 days, 30 days, and 90 days is still negative, ranging from -19% to -28%. This means the trend is still in a downtrend.
I'm not a financial advisor, man. Crypto is volatile; if the low of $1,547 breaks, it could drop back down. Make sure to assess your risk before entering/exiting.
Are you swing trading or in for the long-term hold?
*Current scene:*
- Price: $1,631.29, up 4.27%
- On the 4h chart, MA(7) has crossed $1,603, which is a good sign
- MA(25) at $1,663 is acting as resistance. If we break this, the next level could be $1,712.83 and then $1,825.07
- MA(99) at $1,938 is still quite far away
*How much higher will it go?*
Short term: If we break $1,663 with volume, we could see $1,712. If we break $1,850, then the $1,937 level might come into play.
However, the % for 7 days, 30 days, and 90 days is still negative, ranging from -19% to -28%. This means the trend is still in a downtrend.
I'm not a financial advisor, man. Crypto is volatile; if the low of $1,547 breaks, it could drop back down. Make sure to assess your risk before entering/exiting.
Are you swing trading or in for the long-term hold?
