Ethereum Fights to Hold on to Support

Share Article
In Brief
  • The closest resistance and support areas for Ethereum are found at ₿0.0255 and ₿0.023.

  • The price is following a short-term ascending support line.

  • ETH/USD is trading inside the $217 support area and following a long-term ascending support line.

  • promo

    Want to learn how to trade? Get a beginners guide from _BeInCrypto Academy_ now!

The Trust Project is an international consortium of news organizations building standards of transparency.
The Ethereum/Bitcoin pair has been decreasing since reaching a high on May 30. The failure to break out above a significant resistance area and subsequent decline suggest that the price might have begun a correction. ETH/USD, however, has yet to break down from its long-term confluence of support levels. ETH Trading Range The Ethereum price reached a local high of ₿0.0255 on May 30
×

BeInCrypto Premium - Register for FREE now.

BeInCrypto Premium - Register for FREE now.

Upgrade to continue reading

Register Now!
Share Article

Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

Follow Author

Daily signals, Bitcoin analytics and traders chat. Join our Telegram today!

Let’s Go

A step-by-step guide how to trade Bitcoin profitably

Learn now