I am looking at the $ETH /USDT chart. Here is a closer look at what could be a setup for potential gains in ETH.
Price Action Overview: now ETH is priced at 1,970.82. This is down by a 0.93%.. Eth is still holding strong within its range. The recent low was 1,923.78. Then the market bounced back quickly. This shows support around this level for ETH.
The short term trend for ETH is looking good. The 5 period moving average is at 1,970.82 is not correct it is actually at a value but for the 5 period it is not given however the price action is pushing above shorter term resistance for ETH. The price of ETH has been making highs. This is especially true after touching the 1,923 area for ETH.
There are some indicators to look at for ETH. The 25 period moving average at 1,978.00 is holding as a support level for ETH. If ETH can stay above this it could set the stage for upside for ETH. The longer term moving averages like the MA 99 at 1,990.39 suggest that the market could continue its push toward levels for ETH if it can break through these small resistances.
The volume activity for ETH has been consistent.. There was a nice uptick during recent bullish action for ETH. If more volume comes in this would signal a continuation of the upward move for ETH.
ETH is holding steady around 1,970. If ETH breaks the highs and stays above 1,990 there could be a solid opportunity for growth in ETH. As always stay alert to the price action of ETH.. This looks promising for those considering the long side, for ETH.
