Ethereum’s Swift Rally Shows Weakness After Failing to Reach $350

Share Article
In Brief
  • -The Ethereum price is trading inside a short-term symmetrical triangle.

  • -There is support at $307 and $285.

  • -ETH/BTC has completed an evening star pattern.

  • promo

    BIT Launchpad: Up To 3,500 FREE BIT. Don’t Miss The Beat. Join Now!

The Trust Project is an international consortium of news organizations building standards of transparency.
The Ethereum (ETH) price has broken out from a long-term resistance line, indicating that it has begun a bullish trend. However, the upward move is showing considerable weakness. A short-term retracement could occur before the price resumes its upward move. Ethereum's Breakout Ends Long-Term Correction On July 6, the Ethereum price broke out from a descending resistance line that had
×

BeInCrypto Premium - Register for FREE now.

BeInCrypto Premium - Register for FREE now.

Upgrade to continue reading

Register Now!
Sponsored
Share Article

Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.

Follow Author

Market signals, studies and analysis! Join our Telegram Today!

Go

Bit2Me ICO JUST STARTED! Buy B2M token now.

Buy now!

BIT Launchpad: Up To 3,500 FREE BIT. Don't Miss The Beat.

Join Now!