ETH – Back in Trend

Ethereum has been in a consistent rising trend since September 26th, making a high of $4,400. That’s a massive gain of more than 61% in 32 days and 20 hours.

Ethereum is back above the Blue trendline, again showing a strongly Bullish trend backed by strong volumes. Ethereum is currently flying above EMA 20, 50, 100, and 200. Ethereum is more likely to reclaim the May 12, 2021 price level of $4,600 near Fib 1.618. 

The next major resistance level is now $4,500, a psychological level. Support is near 100 EMA at $3,887.