Ethereum is Starting To Look Attractive! (ETH)

Ethereum is looking increasingly attractive right now. If I could draw your attention to the 50 EMA (in black) you can see that it was major resistance all throughout the bear market. Now, ETH has been consistently hodlding the 50 EMA, making it increasingly likely that we will see a breakout to the upside.

Interestingly, ETH is being pinched between the 50 EMA support, and the major overhead resistance zone around 180 — 190. If ETH can close above that resistance zone, we could see a rally toward the next peak at 223. If that is taken out, the next target would be around 255. A confirmed breakdown below the 50 EMA would temporarily negate that upside potential.

Furthermore, we can see that the ribbon is just starting to flash green, indicating a change in trend, which could result in a significant upside expansion.

I'm The Master of The Charts, The Professor, The Legend, The King, and I go by the name of Magic! Au revoir.

***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***

-JD-