ETH/USD: Price Holds Near $2,400 Resistance as Traders Watch Bitcoin
From dailyforex.com
Ethereum has been slightly negative during the trading session on Wednesday, but really, we're just kind of hanging around the crucial $2,400 level. It's probably worth noting that not only is this number a large, round, psychologically significant figure coming into play, but the fact that it was previously a support level is probably adding to its efficacy as resistance. The 50 day EMA and the 200 day EMA are both flat at this level, so we are simply just waiting for some type of reason to get moving.Pay attention to Bitcoin. Bitcoin leads everything else, and if Bitcoin can break above that crucial $112,000 level, ...
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