We are still bullish on ethereum and with the bullish trend sustaining and forming higher highs and higher lows, we will continue to buy. 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 2200. And then, continue the mark up towards the upper side till the resistance.

The descending trendline is about to breakout buy and after the validation, it will continue to ramp up.

There is no retracement at the moment as the market is just breaking out of the range..

EMA 50 has just turned bearish and the market may breakout buy after the retest at the support level. Another impulse could breach the EMA 50.

RSI is at 47 and has formed a bullish divergence which will push the market upwards for another bullish setup.

Ethereum pump incoming from 2200

Jan 28 2024

Stop Loss -3.08%

Holding time 0hr

2193.10

Entry price

2125.51

Stop loss price