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Wednesday

20 January 2021

TA: Ethereum Hesitates, Why Close Above $600 Could Spark Fresh Surge

TA: Ethereum Hesitates, Why Close Above $600 Could Spark Fresh Surge


smart summary beta

There was a break below the $600 support level and the 100 hourly simple moving average.

The price is currently consolidating above the $585 support and below the 100 hourly simple moving average.

To start a strong increase, the bulls need to gain strength above the trend line resistance, the 100 hourly SMA, and $600.

A downside break below the $585 support zone could put a lot of pressure on the bulls.

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