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Ethereum flirting with recent highs!

Tuesday, January 2, 2018 8:54 AM GMT

On the other hand, Ethereum has a very different price behavior towards Bitcoin. ETHUSD is flirting with its recent all times high and it is looking really hot! Today it had a blast to the upside and it is currently consolidating.

Reviewing the H4 TF, we had noted the major price range 856/836 to 758/740. If it continues consolidating below the upper side then this could be bullish and ETHUSD may have another upwards move.

H4

Heading to the 15m TF, it confirms the bigger picture of H4 TF. In addition, we have added Fibonacci levels. If the price stays above 38.2%, then this is an indication of bullish continuation. Next major support is 61.8%, which can be another buying trade setup.

15M

Always review your own analysis, if there is a confluence between this and your own strategy, then you may have even better trading setups.

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