Ethereum preparing for new all time highs
Black line – support
Blue lines- bearish RSI Divergence
With price making a new all time high in closing prices, ETH/USD price pattern seems ready to explode higher. The RSI has a different opinion but as long as price is above the black trend line support, bulls have the upper hand. Support by the black trend line is at $1,660. Next upside target for ETH/USD is at $2,200.
The material has been provided by InstaForex Company – www.instaforex.com