ETH(1) - Poised for new highs

in #cryptocurrency • 7 years ago (edited)

ETH/USDT is looking strong right now. Ethereum is already up ~28% on the day and it's looking more bullish still. Momentum is strong on ETH, and over the last few weeks Etherrum has been gaining popularity on the search interest.

Right now ETH is sitting at around $607 and is looking overhead to higher highs. It looks overbought but momentum is keeping it going.

Profit Targets are $634 and $670. Support is at $575, a close below that is a sell. Right now ETH is looking to be a strong buy.

Click here for a larger image
ETH(1).PNG

The Chart is based on Bittrex ETH/USDT

Disclaimer: The author currently holds long positions in ETH

#ethereum #eth #analysis
7 years ago in #cryptocurrency by
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     7 years ago 

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