Ethereum is Touching a Key Resistance Level, and It Could Spark a Drop to $280

Ethereum is Touching a Key Resistance Level, and It Could Spark a Drop to $280


Ethereum is flashing signs of immense strength as it pushes up towards its high time frame resistance at $350 This level has long been a target that analysts have been setting their sights on, and it is likely that a heavy amount of selling pressure exists here Although over a macro time frame ETH is firmly bullish, the visit to this level may spark a slight selloff that leads it down towards $280 Analysts are noting that this could be a good entry point for fresh positions

Ethereum and the aggregated cryptocurrency market are showing some signs of strength as most digital assets push higher.

ETH, in particular, has seen some incredibly positive price action, as it has been able to consistently climb against Bitcoin – allowing it to outperform many of its peers.

Trending: Patriots Paint BACK THE BLUE Mural Outside Police Headquarters In Tampa!

There are a variety of non-technical factors behind this strength, but technical analysis suggests that a recent trendline breakout is one main factor helping to drive

Continue reading

You Might Like

Do NOT follow this link or you will be banned from the site!
Send this to a friend