The Ethereum price has been moving upwards since January 24, having increased by 67% in the process.
Ethereum broke out from a two-year descending resistance line.
There is support at $220.
There is resistance at $350.
Technical indicators are bullish.
Ethereum possibly began the third wave out of a five-wave Elliott formation.
Well-known trader @Po
Do you want to BeInCrypto?
Join our Telegram Trading Community for exclusive trading signals, educational content, discussions and project reviews!
Images courtesy of Shutterstock, Trading View and Twitter.