Ethereum and the triggering of its price due to resistance

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2 years ago

Well, resistance didn't last long as we got a nice green candle ripping through it into the next trading range

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Looking at the daily chart above you can see price is now above the 1375 area and halfway to the next upside target/resistance of 1751.

It is great to see some bullish price action, but also good to remember this is just a bounce at the moment. We need sustained price action above 1375 at a minimum.

Volume wasn't anything to make note of but it did tick up a little compared to the overall average so that never hurts.

Will be interesting to see how the rest of the week plays out. All I know is the ETH I was looking at buying at 900 and didn't pull the trigger cus I wanted it even lower would be looking mighty pretty right about now.

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2 years ago

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