EthereumLong
ETH settling above long term downward trend line
Eth settling above long term downward trend line that has been in place since January 13th. Another settle decidedly above the trendline signals a clear bull market.
Eth resistance levels are 563, 600, 728, 893 and 1128. Support levels are 471, 450, 432, 415, 389, 358 and 300.
Fibonacci numbers now in play to the upside.
I would look for the price to seek out the 200 day moving averages, around the 600 region currently. I would expect some consolidation between 520-600 region before another rally.
I am still not sure how the crypto markets will react to geopolitical risk or a downtrending stock market. They may move in tandem with tech stocks or they may become their own asset class, something between a stock, a currency and gold. So far I am inclined to believe crypto is going to become its own asset class sharing some risk traits of other classes but also filling their own global hedging role.
Eth resistance levels are 563, 600, 728, 893 and 1128. Support levels are 471, 450, 432, 415, 389, 358 and 300.
Fibonacci numbers now in play to the upside.
I would look for the price to seek out the 200 day moving averages, around the 600 region currently. I would expect some consolidation between 520-600 region before another rally.
I am still not sure how the crypto markets will react to geopolitical risk or a downtrending stock market. They may move in tandem with tech stocks or they may become their own asset class, something between a stock, a currency and gold. So far I am inclined to believe crypto is going to become its own asset class sharing some risk traits of other classes but also filling their own global hedging role.
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Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.