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  • Writer's pictureT. Livingston

Ethereum Starting To Emerge

Ether cleared the critical $1850 range today and continues to show impressive action. Last year, I mentioned that Ether had most likely bottomed and was demonstrating subtle signs of strength during the FTX collapse. Now, we are starting to see volume come in as ETHUSD takes out important resistance levels. It's also nice to see the 10-week moving average above the 40-week moving average and for ETHUSD to find support at these major support levels. I added to my position in Ether today and will look at add more over the coming months as additional buy points develop.

Risk right. Sit tight.

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Full Disclosure: I currently own Bitcoin and Ethereum.

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