-
ETH Trading Near Make-or-Break Levels
This past week, Ethereum price broke the $230 and $228 support levels against the US Dollar. ETH price even settled below the $230 level and the 55 simple moving average (4-hours). It tested the $215 level and recently started an upside correction. There was a decent recovery wave above the $220 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $248 swing high to $215 low. However, the price is now facing a couple of important hurdles near the $230 level. There is also a major bearish trend line forming with resistance near $230 on the 4-hours chart. Above the trend line, ... (full story)