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Ethereum Price (ETH) Sighting Upside Break Versus Bitcoin (BTC)

From ethereumworldnews.com

After trading as low as 0.0334BTC, Ethereum price started an upward move against bitcoin. The price traded above the 0.0350BTC resistance, but it faced a strong resistance near the 0.0360BTC level and later started a solid downward move. Looking at the chart, the price traded as high as 0.0360BTC and later traded below the 0.0355BTC and 0.0350BTC support levels. There was a close below the 0.0350BTC support and the 100 simple moving average (4-hours). Besides, there was a break below the 61.8% Fib retracement level of the last wave from the 0.0334BTC low to 0.0360BTC high. More importantly, it seems like there is a ... (full story)

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  • Category: Fundamental Analysis