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ETH/USD on its way to $400 facing only one major resistance level at $366
Ethereum continues leading the way gaining another 3% and increasing its market dominance by 0.5% in the last two days. Ethereum’s dominance was around 9.7% in June 2020 and peaked at 12% on July 27, a significant raise. Ethereum is obviously overextended but the demand is simply too strong. The next real resistance level is located at $366 and it’s the only strong point before $400. Considering the current bullish momentum, it’s hard not to see Ethereum cracking this level. Even at $400, which is a psychological level, there are really no other resistance levels nearby, mostly because Ethereum was crashing ... (full story)