ETHUSD has risen in value from 1957.00 this week which is the second attempt to break above 2127.00. This is a very important level. If we take a look at the weekly time frame the price needs to make a breakout.
ETHUSD has risen in value from 1957.00 this week which is the second attempt to break above 2127.00. This is a very important level. If we take a look at the weekly time frame the price needs to make a breakout.
On the daily time frame, the price also needs to make a breakout. On a monthly time frame price has made a breakout to the upside.
So we have a daily and weekly time frame showing that we are waiting for the price to make a breakout. If that happens on the daily time frame we can expect next to happen on the weekly. If both breakouts happen the price will try to attack 2400.00.
So, until the breakout happens in the daily time frame it is best to wait.
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