Ethereum digital currency ( ETH) analysis
Ethereum currency (ETH) witnessed a drop during the previous trading from levels of $ 575.70
towards areas of $ 540.13 due to the pressure of sellers, and at the moment it is trading at areas of $ 539.53.
Ethereum, our outlook is neutral due to the lack of confirmation of the breach of the new volume
control areas. While direction now is Neutral
AS Shown
The Chart Below
Prediction:
We do not recommend trading them at the moment and until intersecting the nearest strong resistance area
which at $ 578.08
The digital currency Ethereum, in the case of breaking $ 578.08 areas, may target levels of $ 635.70.
Support & Resistance
Support: $ 530.43 - $481.52 - $457.57 >> strong area
Resistance: $ 578.08 - $635.70
