Ethereum Price Breaches Pivotal Resistance Level—And That’s Big for Bulls
It’s been a good day for the crypto market, with Bitcoin, Ethereum, and altcoins posting strong gains. The two leading crypto-assets have gained approximately 8% each over the past 24 hours, which is the best performance in many weeks. Ethereum is expected to move higher as fundamental and technical trends align. One crypto-asset trader pointed to the significance of Ethereum’s recent move higher. The leading cryptocurrency recently passed above the important $390 resistance level, which […]
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Ethereum has seen a strong performance in the past 24 hours. The coin has reached its highest price in days as it moves to $360. While this is bullish price action, Ethereum printed a number of wicks above the current price. This important as above ETH’s current price is an important horizontal resistance. Ethereum failing to surmount this level and flip it into support exposes the coin to a drawdown, analysts say. Bitcoin may end […]
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