DU09

ETH/USD - Bullish price action, can we push above $1.8k?

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BITSTAMP:ETHUSD   イーサリアム/米ドル
ETH has a bullish price action which if sustained can take us above $1.8k. The indicators on 4h are curving nicely and there are good reasons to think this apex in blue will resolve with the price going higher.

A failure to do so will lead to another few days under this resistance line. There won't be any reasons to be concerned as long as we stay above the $1.6k support line, but if we fall there, we may be a bit in trouble for a while.

For now bias remains bullish and keep a close eye on this apex and how it resolves. Last time the resistance at 1.8k rejected the price, let's see if this will happen a second time.

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