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ETH/USD Forecast: Ethereum Stalls Slightly on Monday

From dailyforex.com

Ethereum has shown itself to be a little bit of a mixed picture during the trading session on Monday after what had been a very big Sunday once it became a little bit obvious that perhaps the Chinese and US tension was going to drop a bit. But I'd point out that we are struggling with the 50 day EMA. If we can break above the $4,300 level, then we could go higher. That would clear the 50 day EMA. But right now, we're basically stuck between the 50 day EMA and the 200 day EMA indicators, but we are above the $4,000 level, which is a large round psychologically significant figure. Looking from a structural standpoint, ... (full story)

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  • Category: Technical Analysis