Has Ethereum (ETH) Reached a Top?

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In Brief
  • ETH/USD has broken down from an ascending support line.

  • There is support at $220 and $175.

  • For ETH/BTC, there is support at both ฿0.0257 and ฿0.0242

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The Ethereum price has broken down from a rising support line. After briefly validating this line as resistance, the price has resumed its downward momentum. The ETH/BTC pair attempted a breakout above a crucial resistance area, but could not sustain the higher prices and has fallen back below this level. ETH/USD The Ethereum price had been following an ascending support line since it
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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.

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