The Ethereum (ETH) price has reached a massive long-term resistance area near $400. While it briefly managed to climb above this level, it has failed to close above it. The shorter-term trend has begun to show weakness, and a retracement seems imminent before the price can resume its upward movement. Long-Term Ethereum Trend The weekly chart for Ethereum shows that while the price has
Ethereum Fights for a Close Above $400 Resistance
ETH/USD is facing resistance at $370 and $455, while ETH/BTC resistance stands at ₿0.035 and ₿0.04.
-The short-term trend is showing weakness.
-The price is likely correcting in the fourth wave out of a five-wave formation.
Join our Telegram Group and get daily trading signals and a free trading course!
The Trust Project is an international consortium of news organizations building standards of transparency.