Technical crypto analysis based on breakout – Rebuy ETH around $463.96


Technical Observation

Yesterday, Ethereum rallied significantly to the upper side and is still rallying with an increasing bullish bias. Other than the fact that ETH went above the three Simple Moving Averages, ETH went above a key hourly resistance line $463.96. This was a significant move and while the price is above this line, I expect a momentum to the upper side. On its way upwards, the key lines to check for include $532.80, $615.60, and $698.80. If these lines are breached the ETH could be heading towards $1k.

Trade Signal.

Rebuy ETH around $463.96

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