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Thursday

21 January 2021

TA: Ethereum Consolidates Above $600, A Strengthening Case for Upside

TA: Ethereum Consolidates Above $600, A Strengthening Case for Upside


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Ether is currently approaching the $600 support zone and trading above the 100 hourly simple moving average.

As long as the price is above the $600 support and the 100 hourly simple moving average, it could start a fresh increase.

The main resistance is near the $620 level, above which ether price is likely to accelerate higher above $625 and $630.

The first key support is near the $600 level and the 100 hourly simple moving average.

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