Ethereum has added almost three percent in the past 24 hours as the currency pair stopped to decline andstarted its bullish correction. ETH/USD failed to reach June lows and went upwrads instead meaning bears are loosing controlover the market.
Ethereum tested $431.42 support area several times but failed to break through it. The currency pair went upwards during the weekend and reached our targets at $453.24. The currency pair is currently fluctuating close to this resistance.
We can see a bullish Flag pattern forming on 4H chart. If it works, the currency pair will be able to jump over the resistance area at $453.42 and move higher, targeting new resistance at $473.39. This is the main scenario for today.
If buyers fail to drive the currency pair higher, we think ETH/USD will retreat towards the closest support area at $431.42 at least.
Check the full crypto analysis HERE>>>.
Ethereum tested $431.42 support area several times but failed to break through it. The currency pair went upwards during the weekend and reached our targets at $453.24. The currency pair is currently fluctuating close to this resistance.
We can see a bullish Flag pattern forming on 4H chart. If it works, the currency pair will be able to jump over the resistance area at $453.42 and move higher, targeting new resistance at $473.39. This is the main scenario for today.
If buyers fail to drive the currency pair higher, we think ETH/USD will retreat towards the closest support area at $431.42 at least.
Check the full crypto analysis HERE>>>.
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