ETH buyers contemplating the next move higher. $1400 remains in sight so long as 21-SMA on 4H chart holds. Overbought conditions on 1D chart point to a brief bullish consolidation ETH/USD seemingly lacks a clear directional bias while trading around $1200 so far this Saturday, having staged a strong bounce from Friday’s deep correction to sub-$1100 levels. ETH/USD: Daily chart As observed in the daily chart, Ethereum has additional room to the upside, with eyes set on the January 14 2018 high at $1419. However, doji candlesticks formed for the third day in a row have left the buyers unnerved. Further, the 14-day Relative Strength Index (RSI) holds in the overbought region, around 88.0, flashing caution for the bulls. Therefore, the price could enter a period of consolidation around the current levels before the buyers gear up for re-entry. At the moment, there seems to be strong demand around the $12K mark. Friday’s low of $1063 could be put to test if the corrective pressure mounts. ETH/USD: Four-hour chart Narrowing down to the four-hour chart structure, the further upside appears more compelling, as the no. 2 coin has once again managed to defend the critical 21-simple moving average (SMA), which is currently placed at $1194. It’s worth noting that the price has not closed the candle below the 21-SMA since January 2 2021. ETH/USD wavers within a potential rising wedge pattern. A breach of the abovementioned crucial support could expose the rising trendline support at $1139, below which Friday’s low remains in sight. However, a run up towards the rising trendline resistance at $1348 and beyond looks likely, as the RSI points north above the midline, now standing firmer at 59.80. 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 Swipe Price Prediction: SXP targets $1.60 as it may have reached a bottom FX Street 1 year ETH buyers contemplating the next move higher. $1400 remains in sight so long as 21-SMA on 4H chart holds. Overbought conditions on 1D chart point to a brief bullish consolidation ETH/USD seemingly lacks a clear directional bias while trading around $1200 so far this Saturday, having staged a strong bounce from Friday’s deep correction to sub-$1100 levels. ETH/USD: Daily chart As observed in the daily chart, Ethereum has additional room to the upside, with eyes set on the January 14 2018 high at $1419. However, doji candlesticks formed for the third day in a row have left the buyers unnerved.… 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.