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ETH Breaking Above $1,850 Will Be a Bullish Sign, Says Analyst

Published 11/04/2023, 03:02 AM
Updated 11/04/2023, 03:15 AM
ETH Breaking Above $1,850 Will Be a Bullish Sign, Says Analyst
ETH/USD
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  • Crypto Tony shared the two levels that he will be watching on ETH’s chart in the next few days.
  • According to the analyst, ETH breaking below $1,850 will be bullish, while a break below $1,747 will be bearish.
  • At press time, ETH was changing hands at $1,802.61 following a 1.56% 24-hour loss

The cryptocurrency analyst and trader Crypto Tony shared the two levels that he will be watching for Ethereum (ETH) in the short term. According to an X (formerly Twitter) post published earlier today, the analyst revealed that the altcoin leader breaking above the $1,850 mark will be bullish. Conversely, ETH falling below $1,747 will be a bearish sign, according to Crypto Tony.

At press time, ETH was trading between the two levels highlighted by the analyst. According to data from the cryptocurrency market tracking website CoinMarketCap, ETH was changing hands at $1,802.61. This was after it recorded a 24-hour loss of 1.56%. Notably, the recent loss was not enough to flip ETH’s weekly perf…

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