• Ethereum has broken out from a descending resistance line but is facing resistance at ฿0.0272.
  • The price is trading inside a short-term symmetrical triangle.
  • ETH/USD is trading inside the $247 resistance area. The next closest resistance and support levels are found at $277 and $217, respectively.
The Ethereum price is approaching a crucial resistance area. A breakout above could trigger very rapid price acceleration. While both a breakout and a rejection remain possible, technical indicators are bullish, so a breakout is more likely. Cryptocurrency trader @Cryptowat_ch notes that Ethereum is approaching a significant resistance level, which in the chart is outlined as a
×

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