The Ethereum (ETH) price broke out from a descending resistance line at the end of May but has failed to increase substantially since. The direction of the trend for Ethereum seems unclear, and more confirmation is required to determine the trend. Consolidation Range On May 29, the Ethereum price broke out from a descending resistance line that had previously been in place since
Determining the Direction Of Ethereum’s Trend
ETH/BTC has broken out from a descending resistance line.
There is resistance and support at ₿0.0275 and ₿0.0253, respectively.
The weekly chart shows a failed breakout.
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