- ETH/USD is currently trading at $392 and eying up the $400 resistance level.
- The daily chart is still a bull flag awaiting confirmation from the buyers.
ETH/USD daily chart
The daily chart is still a bull flag awaiting another leg up while the RSI has cooled off notably. The 12-EMA has been a strong support level for Ethereum which has bounced several times from it.
ETH/USD 4-hour chart
Ethereum is clearly trading sideways and has lost the EMA’s a few times but it’s now trading above both again. The only real resistance level is located at $400, a breakout above this level will take Ethereum towards $415 and most likely close to $450 thanks to the bullish momentum.
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