Technical crypto analysis based on breakout – Buy Ether towards $601.70


Buy Ether towards $601.70

Technical Observation

Ethereum is currently trading with an increasing bullish bias momentum. Yesterday, Ether rallied a bit higher than expected and even went above the three Simple Moving Averages (14, 52, 90). As i said earlier last month, while the price is above these SMAs, I expect a rally to the upper side. Technically, I expect a surge towards $601.70 and should breakout higher with the next take profit at $722.90. On its way upwards, the key lines to check for include $574.00, $601.70, and $696.10. If these lines are breached, then a rally even higher is expected.

Trade Signal.

Buy Ether towards $601.70

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