ETH/USD consolidates after taking out the April high ($2133) while the Relative Strength Index (RSI) holds in overbought territory.
ETH/USD Outlook
ETH/USD struggles to extend the series of higher highs and lows from last week as it pulls back from a fresh yearly high ($2136), with a close below $2051 (50% Fibonacci extension) raising the scope for a move towards the $1908 (61.8% Fibonacci extension) to $1926 (38.2% Fibonacci extension) region.
Next area of interest comes in around $1771 (23.6% Fibonacci extension), but the overbought reading in the RSI may accompany a further advance in ETH/USD like the price action from earlier this year.
A move above the yearly high ($2136) opens up the $2176 (61.8% Fibonacci extension) to $2228 (50% Fibonacci extension) area, with the next region of interest coming in around $2316 (61.8% Fibonacci retracement) to $2353 (78.6% Fibonacci extension).
ETH/USD Outlook
ETH/USD struggles to extend the series of higher highs and lows from last week as it pulls back from a fresh yearly high ($2136), with a close below $2051 (50% Fibonacci extension) raising the scope for a move towards the $1908 (61.8% Fibonacci extension) to $1926 (38.2% Fibonacci extension) region.
Next area of interest comes in around $1771 (23.6% Fibonacci extension), but the overbought reading in the RSI may accompany a further advance in ETH/USD like the price action from earlier this year.
A move above the yearly high ($2136) opens up the $2176 (61.8% Fibonacci extension) to $2228 (50% Fibonacci extension) area, with the next region of interest coming in around $2316 (61.8% Fibonacci retracement) to $2353 (78.6% Fibonacci extension).
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.