When the EMA on the ETH chart crosses over 20, is it time to buy ETH?

• The price of ETH rose from just under $920 to $1,160 before falling below the 0.786 level of the Fib Retracement drawn from the $1,.157 level.
• The 4-hour chart of ETH/USDT shows that the 9 and 20 EMA lines are working as a minor support level for the price of ETH.
• If this holds out, the price may fall to the nearest support level of $1:050.

The second-largest cryptocurrency by market cap, Ethereum (ETH), has gained a relatively modest amount in the last 24 hours.

ETH is currently worth $1,123.82, up 6.63 percent in 24 hours. ETH’s price has fallen for seven days. Its market capitalization is $135.83 billion, below Bitcoin’s (BTC) $391.16 billion and above Tether’s (USDT) $67.85 billion.

The 4-hour chart of ETH/USDT shows how the price of ETH rose from just under $920 to $1,160 before falling below the 0.786 level of the Fib Retracement drawn from the $1,157 level. This is also a significant level on the 4-hour chart.

The current 4-hour candle had fallen below the 0.618 level and into the Fib Retracement level of 0.5. At the present, it appears like the 9 and 20 EMA lines are working as a minor support level for the price of ETH.

When the 9 and 20 EMA lines are zoomed in, the 9 EMA line has just crossed above the 20 EMA line, indicating a short-term bullish flag.

Given the $1,157 Fib Retracement level and the 9 EMA crosses above the 20 EMA, it’s realistic to expect ETH to continue rising. $1,126 resistance may keep the price down. If so, ETH may fall to $1,050.

Investors and traders can use what happens at the $0.618 level on the chart to predict what will happen next.