3 min readETHEREUM (ETH/USD):
Ethereum continues to trade around this descending trend line and appears to be making a slight upward push!
A closer look at the technicals reveals that once we traded back into this broken descending trend line, it became crucial to determine whether we could hold this area as support. This was especially important as we had also rebalanced price below the 50% Fibonacci level and are now trading back above the daily 50 EMA. Currently, the RSI indicator shows no signs of price being either overbought or oversold at these levels.
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The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.
