Technical crypto analysis based on breakout – Buy Ether around $ $670.71

ETH –

Buy Ether around $ $670.71

Technical Observation

Ether is currently trading with a neural bias. Instead of gaining momentum to the upper side as I previous suggested, Ether continues to plunge slowly but is still above the 14 Simple Moving Average and most importantly above $670.71, Unless the price clearly breaks below these two, Ether is likely to continue to the upper side. Instead of going long now, conservative traders can wait for a decline towards $670.71, then pick a low risk long position, with the first take profit at $942.60 and the next take profit at $1,162.05.

Trade Signal.

Buy Ether around $ $670.71 towards $942.60.

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