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Ethereum started a strong increase above the $1,550 and $1,600 resistance levels. ETH price is likely to continue higher towards the $1,700 and $1,720 resistance levels.
Bitcoin price is showing a few positive signs above $48,000 against the US Dollar. BTC is likely to start a strong increase if it settles above $50,000 and the 100 SMA (H4).
Ethereum failed to stay above $1,600 and it even traded below $1,500 against the US Dollar. ETH price is showing bearish signs and it could continue to move down towards $1,400.
Ethereum struggled to clear the $1,600 resistance and corrected lower. ETH price is likely to remain stable above $1,450 and it could again climb towards $1,600.
Ethereum started a steady increase above $1,450 and $1,500 against the US Dollar. ETH price is showing positive signs, but it must settle above $1,600 for upside continuation.