$ETH

Bulls are in control, looking at $3,850

$ETH

Strong momentum on the 15-month chart

EMA averages in a perfect upward trend

The price of $ETH has risen over 6%, reaching a high of $3,794.70 before a slight pullback. The 15-minute chart shows a typical bullish structure with EMA (7) > EMA (25) > EMA (99), and the price rebounding from EMA (7) support at $3,770.

Buy trade settings:

Entry price: $3,760 - $3,775

Target: $3,850

Stop loss: below $3,730

The price of Ethereum is still in a strong bullish trend. As long as the price remains above $3,740, we expect the upward trend to continue.