ETH is slowly getting below the Simple Moving Averages, (14, 52, 152). So far, this crypto has gone below the first two SMAs but still above the third one , 152. Unless there’s a clear breakout below the third SMA, I still expect a possible momentum to the upper side with my take profit at $727.20 and may extend higher towards $1,210.00. On the other side, should price breaks below the 152 SMA, then, I’ll need a confirmation that the price will continue to plummet towards $365.40. A break below $450.60 will be a good confirmation that the price will plummet to $365.40.
While the price is above the 152 SMA, I expect ETH to gain value towards $727.20.
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