Ethereum Increases Rapidly After Breaking February High

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In Brief
  • There is resistance and support at ₿0.0325 and ₿0.026, respectively.

  • A golden cross has occurred on the daily chart.

  • A short-term pullback is expected.

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The Ethereum (ETH) price increased considerably during the week of July 20 - 27. While the long-term bullish trend is still formidable, there are several short-term weakness signs suggesting a pullback is likely. Ethereum Reaches Long-Term Resistance During the week of July 20 - 27, the Ethereum price created a bullish engulfing candlestick with considerable volume. The increase took
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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.

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