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Will Ethereum Break Out Above Resistance?
Article conforms to Standard
- Ethereum is trading inside a short-term parallel descending channel.
- There is support and resistance at $220 and $237, respectively.
- ETH/BTC has broken down from an ascending support line.
The Ethereum (ETH) price is currently trading inside a minor support area and has shown numerous signs of weakness, all of which suggest that a short-term fall awaits. Note: This is a shorter-term analysis. For a longer-term one, click here. Trading Range On the 6-hour chart, the primary resistance and support levels for Ethereum are found at $237 and $220, respectively. The price
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