Uptrend is in progress in direction of the “round” psychological level 113.000, which going to be hard to pass without correction, since market is quite overbought.
Mid-term horizontal range within Bollinger bands (5831.86-6731.20) preserves.
Decline slowed down at 410.00-413.00 area - investors continue to believe in ethereum.
Downswing, supposedly, is aimed at 1.1525 handle, where a very strong support zone resides and market is unable to ignore it.
The mood in the equity markets has improved somewhat, as yesterday Americans closed the trading in the green zone, and today Europe is also growing up.
Ethereum maintained its bearish tone. The crypto currency was under pressure on Thursday.
Bitcoin maintained its offered tone extended sell-off on Thursday.
