Ethereum, the second-largest cryptocurrency, has increased by 12.3% over the past seven days. Interestingly, Ethereum has held its ground firmly, supported by a clean uptrend that began after the sharp recovery from $1,550 that kicked off on Tuesday.
As it stands, the Ethereum price is at an important technical phase after retesting the $1,799 resistance level and pulling back into its final intraday support zone. A fresh push above $1,800 could open the door to $1,840 and beyond, whereas deeper retracements would test three important zones.
Ethereum Turns Resistance Levels Into Support
Trending: A Frail Joe Biden Manages to Offend Multitudes During Pope’s Funeral
Ethereum’s recent rally has seen it break past three notable resistance levels that have rejected its price action for most of April. Interestingly, these resistance levels are located at $1,590, $1,654, and $1,703,
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!