Ethereum shows more performance then Bitcoin today
The Ethereum price is volatil today and pushed up to the next resistance. Today i wanna show the moving averages on the different time units. MAs are a natural support and resistance level in the charts, if you have the right one.
On the 2H Chart we arrived at the MA200 (blue). Can we break it in the next hours or do we need a consolidation? The MA 568 (yellow) and MA34 (pink) working as support for now.
On the 1H chart the MA 568 is the next resistance on the top. Often we can see the same zones but with a different Ma on different time units.
If we can enter the MA 34 on a daily base b, it will be a good sign. The MA works very good in some cryptos and sometimes it is a very nice entry point. Today it could be a interesting closing price again in Ethereum.
Source: (Guidants/Godmode Trader) & JFD Broker & Binance
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