Hello Traders
It is obviously affected by the presence of BTC fixes in Ethereum. When we examine the 4-hour chart, the MA50 and MA100 shun are moving very close together. We also see trend lines narrowing as we have indicated with red lines. Breaking up the trend line can carry us up to the blue line. However, the downward break may carry us up to support levels we have indicated with green lines.
It is obviously affected by the presence of BTC fixes in Ethereum. When we examine the 4-hour chart, the MA50 and MA100 shun are moving very close together. We also see trend lines narrowing as we have indicated with red lines. Breaking up the trend line can carry us up to the blue line. However, the downward break may carry us up to support levels we have indicated with green lines.