Markets Technical Analysis

Has Ethereum (ETH) Reached a Top?

By Valdrin Tahiri
Updated by Ryan Smith
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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 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.

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