Ethereum surpasses the target – Analysis - 20-04-2018

Ethereum price succeeded to achieve our waited target at 565.54 and shows more rise to breach this level and attempts to hold above it, which opens the way to extend the price gains on the short term basis, as our next target is located at 600.00.

Therefore, we will continue to suggest the bullish trend in the upcoming period, supported by the EMA50, noting that breaking 504.00 will stop the expected rise and put the price under the negative pressure again.

Expected trading range for today is between 540.00 support and 600.00 resistance

Expected trend for today: Bullish