Ethereum Chart Analysis with Introduction

9 oct 2021

You asked for Ethereum (ETHUSD), so here it is.

This chart looks risky, like we are at a potential top.
It would be hard to discern if prices will crash here or really go up.

> The conservative will tell you to wait, hold, sit it out and so on.
> The more alternative one, the new ones, will tell you to jump in with a tight stop-loss.
> The investors will tell you to continue buying no matter what and to hold for long...

Who is right and who is wrong?

We are all right, it is a huge market...
It is a wide system, there are many different/valid approach.

ETHUSD (Ethereum) Chart Analysis

The chart reader/the analysts... Will tell you what he sees on this chart and that's us.

We are bullish above EMA10 but in this case ETHUSD is above all the EMAs, which is even better.

The RSI is really strong.
The MACD moved above zero.
And the recent higher low is the bulls giveaway.

Even at this point, it can literally go both ways...
But the bulls have the upper hand.

Momentum has been building up.
Positive market news everyday.
New investors piling up.

Ethereum too is looking great.

The target is mapped on the chart, as well as support.

Thank you for reading.

Namaste.