Ethereum is standing at the daily support level from where we are anticipating the mark up to continue upwards towards the resistance level. The market has the sentiment of a bull market for the continuation which would be continued once the market starts to move up.

The descending trendline has almost broken out with the price action. The only awaiting is for the breakout validation.

There is no retracement level on the pair.

EMA 50 is bearish and we can book our profit targets at the retest of this EMA.

RSI is at 44. It needs to breakout from the 50 level in order to align with the technical factors.

We at daily support level on ETHEREUM

Oct 15 2023

Take Profit +4.35%

Holding time 17hr

1535.05

Entry price

1601.85

Take profit price