Technical Observation

Earlier this week, ETH pulled back perfectly towards the daily support line $670.71 but ended up closing perfectly above the 152 Simple Moving Average. The Monday’s daily candle sat perfectly on this Simple Moving Average and is still very mush bullish. I went long around $670.71, and is still holding onto this position, my expectations is that the price should spike higher towards $972.68 or even higher $1,162.03. On its way upwards, the key lines to look for include $835.50, $942.68, $1,063.30 and $1,152.03.

Trade Signal.

Buy ETH now towards $942.08

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