11.10 Ethereum outlook
Ethereum's 15-minute chart bottomed out and rebounded today. Support was found at the low of 2107.44, followed by a rapid rally and another pullback to consolidate. The moving averages are intertwined, and the battle between bulls and bears continues.
The current pullback is a normal retest after the rise. Support at the low has held, so there is still a chance of another upward move in the short term.
Suggested trade
Go long near 2100
Stop: 2070
Target: 2150–2180 #ETH
Ethereum's 15-minute chart bottomed out and rebounded today. Support was found at the low of 2107.44, followed by a rapid rally and another pullback to consolidate. The moving averages are intertwined, and the battle between bulls and bears continues.
The current pullback is a normal retest after the rise. Support at the low has held, so there is still a chance of another upward move in the short term.
Suggested trade
Go long near 2100
Stop: 2070
Target: 2150–2180 #ETH
