Analysis # ETHEREUM
USD 23:30 hrs -3 UTC.
2 TF: 1 H: 60 - 4H: 240.
Reliability: High.
TF 1:
ADX indicates a strong uptrend, marking levels above 20, in the RSI and STOCH indicators, it indicates levels of over-purchase in 75-80.
TF 4:
ADX indicates that the strength of the uptrend from 20 to 35 is reaching its resistance (Violet Line), if it breaks the line of resistance in ADX, it could mean an increase in the uptrend and as a consequence raise a few usd more its price (Subject to another analysis later)
In summary there will be an ETH price correction between the 417USD to 410 USD. (This scenario could change with Fundamental analysis (Important news)).
It is not recommended to enter Long term, only short.
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