Baxia Markets
December 09, 2021

Ethereum is up more than 27% in 6 sessions

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The cryptocurrency had a few rough sessions last week, where it lost more than 29% in only 4 days, however, the pair managed to recover most of the lost ground shortly after. The price is currently in an uptrend and it could reach 4,660 levels in the short term.


The Bollinger bands are not very wide but they are steady which will allow the pair to move freely within the band's range, the price is currently inside the Ichimoku cloud which some investors might see as market uncertainty, but the progress it has made in the last sessions might allow the price to exit the cloud very soon.


ETH Nov 30th 2021


The relative strength index is at 52% which is a very neutral level that would allow the price to move in either direction, with an inclination towards an uptrend. The short and long-term moving averages crossed at the end of November, indicating a



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