Ethereum price Analysis | #ETH

#ETHUSDT surged above the 20-day EMA ($1,830) on May 23, but the bulls could not continue the up move on May 24. The bears pulled the price back below the 20-day EMA on May 24.

This suggests that the #ETHUSDT pair may continue to trade inside the falling wedge pattern for a few more days. A break below the wedge will indicate the start of a deeper correction.

The first support on the downside is to $1,352.

Conversely, if the price turns up and breaks above the wedge, it will signal the start of a new up move. The pair could first rise to $2,000 and thereafter to $2,200. #feedfeverchallenge #shanghai