Ethereum

ETHUSD: Trade it based on this level.

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Ethereum has marginally turned bearish on its 4H technical outlook (RSI = 43.360, MACD = 114.300, ADX = 62.840) as it crossed unde its 4H MA50 and is failing to recover it. The 1 month pattern remains a Channel Up though so trade accordingly. As long as the S1 holds, target the R1 and the 4H MA50 (TP = 2,350). If the S1 (and the 4H MA100) fails, target the 4H MA200 and S2 (TP = 2,180).


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