Ethereum broke out of the consolidation in the early hours of Thursday and is now trading above the flip zone around $700.
If price stays above the flip zone, we can expect it to reach the resistance level around $850.
If price rejects and drops down below the flip zone, the next support areas are around $630 and $575.
At the moment it's probably best to wait until price retests the flip zone before making any trading decisions.
Good Luck,
CryptoTrendline
If price stays above the flip zone, we can expect it to reach the resistance level around $850.
If price rejects and drops down below the flip zone, the next support areas are around $630 and $575.
At the moment it's probably best to wait until price retests the flip zone before making any trading decisions.
Good Luck,
CryptoTrendline