08.12.202311:50 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Ethereum Cryptocurrency, Friday December 08, 2023.

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On the 4-hour chart, the Ethereum cryptocurrency appears to be moving above the Kumo Chikou Span and the Tenkansen and Kinjun Sen which intersect the Golden Cross are also above the Kumo and is supported by the emergence of hidden deviations between Ethereum price movements and the CCI indicator confirming that currently Ethereum is moving stronger, heading to level 2420.60, even if there is a momentary correction retrace as long as it does not fall below level 2247.19 then Ethereum is still in a strong bias condition.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2025

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