"Jack's Trading Classroom" ETHUSD short-term trend turns strong

Currently, we are looking at the 15-minute candlestick chart of ETHUSD. Earlier, Ethereum broke through the short-term downtrend resistance line, shifting the short-term trend to bullish. Judging by the Exponential Moving Average (EMA) indicator, on the 15-minute candlestick chart, EMA15 crossed above EMA50, and the opening diverged upwards. The indicator also suggests that the short-term Ethereum trend is strengthening. It is important to note the resistance level at 1103.35, if it can hold above this level, it means Ethereum has surpassed the EMA200 on the hourly candlestick chart. Support and resistance levels can be referred to the black horizontal lines on the chart.

Currently, we are looking at the 15-minute candlestick chart of ETHSUD. Earlier, Ethereum broke through the short-term downtrend resistance line, and the short-term trend has turned bullish. Judging by the EMA (Exponential Moving Average) indicator, the EMA15 crossed above the EMA50 on the 15-minute candlestick chart, and the opening divergence is upward. This indicates that the short-term Ethereum trend is strengthening. The resistance level to watch above is 1103.35. If it can hold above this level effectively, it means Ethereum has surpassed the EMA200 on the hourly candlestick chart. Support and resistance levels can be referred to the black horizontal lines on the chart.

In recent days, the digital currency market has experienced significant volatility. It is recommended that operators strictly implement risk control measures and avoid high leverage and high contract volume operations to prevent additional losses caused by volatile market conditions. This article reflects personal opinions, and readers should carefully consider it. Cryptocurrency trading may pose risks to your capital.

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