ETH bulls gear up for a fresh leg higher. Falling wedge breakout confirmed on the 4H chart. RSI stays bullish, a test of the $600 mark inevitable. ETH/USD is building onto Saturday’s recovery, as the bulls look to regain the $600 threshold amid a favorable technical setup on the four-hour chart. ETH/USD: 4-hour chart The price has finally dived out of the two-week-old falling wedge formation, confirming a breakout on a close above the pattern resistance of $567. The upside break also prompted the bulls to clear a critical resistance of $572, which is the confluence of the 50-simple moving average (SMA) and 100-SMA. Acceptance above the latter opens doors for a test of the $600 mark. Buyers will then target the December 1 high of $636.53. The Relative Strength Index (RSI) points north, now standing at 57.71, indicating the additional upside remains on the cards. On the flip side, immediate support is seen at the horizontal 21-SMA at $558. The next significant cushion awaits at $536, which is the upward-sloping 200-SMA. ETH/USD: Additional levels to watch FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Forex Today: Brexit, lockdowns and a US stimulus package dent the market’s mood FX Street 2 years ETH bulls gear up for a fresh leg higher. Falling wedge breakout confirmed on the 4H chart. RSI stays bullish, a test of the $600 mark inevitable. ETH/USD is building onto Saturday’s recovery, as the bulls look to regain the $600 threshold amid a favorable technical setup on the four-hour chart. ETH/USD: 4-hour chart The price has finally dived out of the two-week-old falling wedge formation, confirming a breakout on a close above the pattern resistance of $567. The upside break also prompted the bulls to clear a critical resistance of $572, which is the confluence of the 50-simple moving average… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
