Technical crypto analysis based on breakout – Long ETH now towards the $1,000.00 handle


Long ETH now towards the $10,000.00 handle

Technical Observation

ETH is currently trading with an increasing bullish bias momentum. As I said on my earlier forecasts, ETH went higher after breaking above $525.58 and is still rallying with an increasing momentum. Unless the price breaks below the three Simple Moving averages, (14, 52, 152), especially the 152SMA, I expect a surge to the upper side. This week and part of next week, I expect ETH to trade within a wide range, not going above $10,000.00 or below $364.15. If either of these lines are breached, then I expect further rally towards the direction of the breach.

Trade Signal.

Long ETH now towards the $10,000.00 handle.

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