Ethereum (ETH) Price Trends: 5/04/2016

Ethereum’s price is now really close to the top resistance line. A fortification and a turn at that level can provoke a short-term upward trend.

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Ethereum (ETH) Price Trends: 5/04/2016

Ethereum’s price is now really close to the top resistance line. A fortification and a turn at that level can provoke a short-term upward trend.

Will a medium-term upward trend begin now?

Not only a short-term, but also a medium-term trend can begin at the level of $10. When two different levels of trends align, it usually signals a powerful upcoming movement.

ETH/USD price chart 1

But before that movement happens, Ethereum’s price has to fortify at that level and form a turn. Otherwise, there will be a rebound towards the bottom limit of the flat - $8.5.

ETH/USD price chart 2

The structure of Ethereum’s price at the level of $10 will hint at the direction of the future trend.

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