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Friday

23 April 2021

TA: Ethereum Consolidates Above $2,050, Here’s Why Bulls Remain In Control

TA: Ethereum Consolidates Above $2,050, Here’s Why Bulls Remain In Control


smart summary beta

There was a break above the 50% Fib retracement level of the recent decline from the $2,132 high to $2,083 low.

The triangle resistance is close to the 61.8% Fib retracement level of the recent decline from the $2,132 high to $2,083 low.

The first major support is now forming near the $2,080 level and the triangle lower trend line.

The main support is still near the $2,050 level and the 100 hourly simple moving average.

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