FenzoFx—Ethereum resumed its bullish trend after testing last week's low at 2,340. Price action and candlestick patterns support the current momentum.
The Stochastic Oscillator at 65.0 suggests the market is not overbought, indicating a likely continuation of the uptrend. The next bullish target is last week's high at 2,755.
Bearish Scenario: If ETHUSD falls and holds below 2,340.0, the downtrend from 2,755 may extend to 2,130.0.
Trade ETH/USD at FenzoFx
The Stochastic Oscillator at 65.0 suggests the market is not overbought, indicating a likely continuation of the uptrend. The next bullish target is last week's high at 2,755.
Bearish Scenario: If ETHUSD falls and holds below 2,340.0, the downtrend from 2,755 may extend to 2,130.0.
Trade ETH/USD at FenzoFx
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Knowledge Should Be Free – And So Is Your Path to Trading Success.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.