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ETH/USD: Breakout Beyond $1,700 on the Horizon

From dailyforex.com

The Ethereum market has rallied initially during the trading session on Tuesday as we continue to see the market try to break above the recent resistance barrier. When you look at the Forex chart, it’s easy to see that the $1700 level has caused a bit of resistance, so at this point it’s likely that we will continue to see a lot of selling pressure in that area. Having said that, if we do break cleanly above the $1700 level, that will obviously attract a lot of attention.We have recently had an upgrade in the network but have not been able to really take off to the upside. That being said, if we do eventually get ... (full story)

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  • Category: Technical Analysis