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Thursday

13 May 2021

TA: Ethereum Surges Above $3K, Here’s Why Rally Isn’t Over Yet

TA: Ethereum Surges Above $3K, Here’s Why Rally Isn’t Over Yet


smart summary beta

It traded to a new all-time high near $3,060 and it settled nicely above the 100 hourly simple moving average.

On the downside, an initial support is near the $3,030 level.

The next major support is near the $2,850 level and the 100 hourly simple moving average.

A clear upside break above the $3,085 level and could open the doors for a move above the $3,100 level.

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