Permanecer 
Condições de Negociações
Ferramentas
Ethereum moves somehow sideways in the short term. It was traded at 4,002.55 at the time of writing. In the last 24 hours, ETH/USD is down by 0.48% and by 0.96% in the last 7 days. Bitcoin is about to activate an upside continuation. BTC/USD's further growth could help Ethereum to approach and reach new highs.
Technically, it has slipped lower from 4,076 today's high. Still, the retreat could be only a temporary one. ETH/USD could only test and retest the immediate support levels before starting to increase.
ETH/USD has found strong support on the 50% retracement level and now it has jumped above the downtrend line. In the short term, it continues to challenge the 4,025 - 3,958.67 area.
Staying above the downtrend line and above the 3,958.67 followed by a valid breakout above 4,076 today's high (static resistance) could activate an upwards movement.
Its failure to stabilize below the 50% retracement level or to make a new lower low signaled that sellers are exhausted. A bullish closure above the 4,076 today's high could confirm further growth and could bring new long opportunities.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
