• Ethereum is in the process of breaking out from a descending resistance line near ₿0.0259.
  • The daily RSI has generated hidden bearish divergence.
  • The price has broken out from a short-term ascending channel.
The Ethereum (ETH) price is trading inside an important resistance area. A breakout above this level could trigger a rapid rally. Note: This article will focus on the ETH/BTC pair. For the ETH/USD pair, click here. The Ethereum price has possibly been following a descending resistance line since January 2019. The line has been validated four times until now, and the price is currently
×

BeInCrypto Premium - Register for FREE now.

BeInCrypto Premium - Register for FREE now.

Upgrade to continue reading

Register Now!
Valdrin Tahiri

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

Want to know more?

Join our Telegram Group and get trading signals, a free trading course and daily communication with crypto fans!

This site uses cookies.
Click here to accept the use of these cookies. View our cookie policy

We are discussing it in our Telegram Channel

Join

Free crypto community in our Telegram Channel

Join Now

We are discussing it in our Telegram Channel

Join

We are discussing it in our Telegram Channel

Join