\* [Ethereum ](https://uk.tradingview.com/symbols/ETHUSD/)price is backed by the ascending diagonal Support line, with every new Low higher then the previous, signalling the strong [bullish](https://uk.tradingview.com/ideas/bullish/) presence on the underside. Based on that pattern, we can expect ETH to continue moving towards the Key Resistance at $190 – $195, though this could appear a truly uphill task.
\* If we don’t see an upward move in the short-run, ETH could simply continue to trade within a narrow range, similar to [Bitcoin ](https://uk.tradingview.com/symbols/BTCUSD/)\- until the market receives a critical update.
\* On the downside, the Bears could regain control over the market if they manage to force the price down below $178 level. But, for the time being, the technical structure rather assumes an another [bullish](https://uk.tradingview.com/ideas/bullish/) attempt to succeed.
\* Looking at the right-hand chart of ETH ag [BTC ](https://uk.tradingview.com/symbols/BTCUSD/), we see explicit **Long/Short** Target areas; however, the price clearly lacks a directional bias so far, mainly due to the extended consolation phases of ETH & [BTC ](https://uk.tradingview.com/symbols/BTCUSD/)ag USD.

**Speculative trade signal**

Buy @ $180.
Target: $190 – $195.
Stop-loss: $177.

**Watch for our Updates to get real-time superior signals!**


*This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.*

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  1. grandmotherhaswheels on 14. May 2022 at 13:03

    TLDR: could go up or could go down. Literally


  2. pegcity on 14. May 2022 at 13:03

    This could be the one time guys!


  3. HARDETH on 14. May 2022 at 13:03

    Unlike last year’s we are in for a white Christmas. Strap on your moon boots and Santa’s coat. Ride the wave!


  4. MicFanning on 14. May 2022 at 13:03

    Not scienceguy?