ETH –
Technical Observation:
ETH is currently trading with an increasing bullish bias. Ether is still rallying above the three Simple Moving Averages, and as I stated previously, while price is above these three, I expect a surge to the upperside with an ideal take profit at $833.50. On its way to the upperside, the key lines to check for include $538.80, $612.00, $760.00 and $809.50. If these lines are broken, then the price will continue to the upperside. I will only consider a short position should the price break below $415.60. With this position, I’ll be on focusing a break below $366.60 to confirm further momentum to the lowerside.
Trade Recommendations:
I expect a surge to the upperside.
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