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ETH Trades To New ATH At $2140 But The Rally Isn’t Over Yet

From dcforecasts.com

Ethereum is showing plenty of positive signs above the $2000 support zone and now the price is well above it with the 100 hourly simple moving average. There’s a key bearish trend line forming with the resistance near $2075 on the charts of the pair. The pair will start afresh increase as long as there’s no close below the $2000 support zone. {chart} ETH followed quite the bullish path after a clear break above the $1950 resistance, unlike BTC. It broke the important hurdles near the $2000 level to move into a positive zone. The price gained bullish momentum and cleared the $2100 level with the price trading to a new ... (full story)

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  • Category: Technical Analysis