Technical analysis of Ethereum for February 9, 2021

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Ethereum continues to push higher towards the Cup with handle target seen at 2,674. Near-term we see support at 1,671 and solid support is seen at 1,490 that should be able to protect the downside for the next push higher to 1,874 and 2,026 as the next sub-targets on the way higher towards 2,674.

Trade recommendation:

If long Ethereum you stop should be at 1,489

The material has been provided by InstaForex Company - www.instaforex.com

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