We have previously booked a tremendous bullish trade on ETHEREUM which is already bullish with the formation of higher highs and higher lows. The trend is per the cryptocurrency market is still bullish and is going to continue to be so. We are looking to go long at the support level of 1950. And then, continue the mark up towards the upper side till the resistance.

The descending trendline has broken out for buys and is in continuation towards the upper side.

EMA 50 has now turned bullish. The market may retact and retrace towards it and then continue moving up.

RSI is at 60. It needs to dwell above the 50 level region and then retest the level for the continuation towards the over bought region.

Round 2 on Ethereum

Nov 26 2023