Bullish rebound to continue falling
Ethereum all time history index INDEX:ETHUSD
The Momentum with a positive slope (dark red color) is indicating the beginning of an upward movement, we only need the ADX to have a negative slope (grey color) to confirm the loss of bearish strength.
The possible area of interest is the values between 2700 ( EMA 55) and 2600 (POC – Point of Control), these values will change over time, and you should also keep an eye on the movement of Bitcoin .
PS: In my opinion the best area to accumulate is approximately 1800.
