Ethereum Short-Term Update

Looks like Ethereum (ETHUSD) can easily continue growing based on the chart setup here.

The last candle managed to move back above EMA50, EMA21, and EMA10, switching the potential back towards the bulls.

We also have a strong higher low compared to 21-Jan.

A new high is possible in this current move.
We have higher highs and higher lows.

Conditions for change
We would need to see a candle close below $1294 or EMA50 to put the bears back on top short-term...
As long as prices remain above EMA50/10, we stay bullish on ETHUSD.

Namaste.

Yorum:

Moving below support... The bears win.