📈 Daily TA: Ethereum (ETH/USD)

Hello, dear members of LeoFinance!

Today I want to shart the price chart of Ethereum.

In the daily chart (1D), ETH/USD still continues to move within the Ascending channel (uptrend): However, as can be seen from the chart, right now ETH/USD is testing the lower line of the channel (trend line). Moreover, recently a Moving Average Crossover took place: the 30-day Moving Average (MA 30) dropped below the 90-day Moving Average (MA 90). That's is why the bulls have to be very careful and continue to keep an eye on the daily price chart.

To be continued ...

As of the time of writing, one Ethereum costs $2120.89 on the Bitstamp crypto exchange, according to TradingView.

A few words about me:

Just to let you know: I've been working professionally as a currency analyst for the last almost 15 years, and as a cryptocurrency analyst for the last 4 years.

Important!

Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.

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📈 Daily TA: Ethereum (ETH/USD) | 20-06-2021