Ethereum Looks Ready To Test All Time Highs

Ethereum has recently managed to settle back above $4,150 and tried to settle above the next resistance level which is located at $4,400. RSI remains in the moderate territory, and there is enough room to gain additional upside momentum in case the right catalysts emerge.

It should be noted that Ethereum quickly returned to all-time high levels after the recent pullback, which means that demand for the cryptocurrency remains strong. A move above $4,400 will attract more speculative traders and investors and push Ethereum to new highs.

On the support side, the nearest support level for Ethereum is located at $4,150. If Ethereum declines below this level, it will move towards the next support at $4,000.

A successful test of the support level at $4,000 will push Ethereum to the next support which is located near the recent lows and near the 20 EMA at $3,865. A move below the 20 EMA will signal that Ethereum is ready to develop additional downside momentum and head towards the support level at $3,675.

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Source : https://www.fxempire.com/forecasts/article/ethereum-tests-all-time-high-levels-794081

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