Ethusd

Ethereum (ETH/USD) Fundamentals and Technicals Look Promising
The outlook for Ethereum, both technically and fundamentally, is starting to look rosy and this should feed through into its price over the coming quarter. Between late November 2021 and late January this year, Ethereum fell by around 50% to a low of just $2,200 as the whole crypto market mood turned sour. Since then the second-largest coin by market capitalization has been moving steadily higher, highlighted below by a series of higher lows on the daily chart. Ethereum is now in a zone of prior resistance – between $3,050 and $3,410 – and if this area can be navigated safely then a prior swing-long at just over $3,800 will become the next target. The 50-day simple moving average is supporting the move higher and as long as support at $2,800 remains untouched then Ethereum should move noticeably higher during the second quarter
Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of Bitcoin BTCUSD published in members area of the website. Our members are aware of the numerous positive trading setups we’ve had in the crypto market recently. One of them is BTCUSD, which experienced a pullback, unfolding as an Elliott Wave Double Three Pattern. It completed clear 7 swings from the peak on March 14th and concluded the correction right at the Equal Legs zone (Blue Box Area). In the following text, we’ll delve into the Elliott Wave pattern and trading setup.