This week, the quotations of ethereum opened up with a demand gap around 1030 USD. According to the scenario most often implemented, the exchange rate closed the mentioned gap and continues to move north. At present, it seems that ethereum has the greatest chance of growing among the most popular crypto-currencies.

Picture 1. Technical analysis, ethereum,H4,1.02.2018

Due to the fact that the probability is currently on the demand side, it is worth looking for the possibility of connecting to a potential upward trend. From the point of view of the M15 time interval, a good place to take a longi position is local support in the region of 1115 USD.

Picture 2. Technical analysis, ethereum, M15,1.02.2018

The first target for bulls is now the resistance level of $ 1170. Breaking it opens the way to attack the last maxima of $ 1250.

Risk Warning: The contents of this analysis is for informational purposes only and does not constitute investment advice.

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