Ethereum rallied to the lower side but is still supported by the lower 90 Simple Moving Avarage. While the price is still above this SMA, I expect a surge to the upper side and may end up breaking above $614.30. If you’re not already in a long position, you could wait for further pullbacks to the lower side to buy ETH with an ultimate take profit at $709.30. Should the price break below the 90SMA, then I expect a momentum to the lower side with a take profit at $300.00. On its way to the lower side, key lines to check for include $453.30, $440.10 and $350.00.
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You may check other analytical reviews on FreshForex website. Source: freshforex.com.