Ethereum looks like it has reversed and has started a new bull run. This is indicated by the basic "higher highs and higher lows". The price is currently sitting in a nice support zone, which is an area that historically has shown key support and resistance points. We can also see a nice ascending support line that the price has bounced nicely from recently. We can also see some descending resistance lines that have turned to support once broken.
I can see the price pausing at the 3rd descending resistance line, before hopefully breaking and pushing the 0.11 price mark. I can then see it retracing to the area between the ascending support line, and the 3rd descending resistance-turned-support line.
I can see the price pausing at the 3rd descending resistance line, before hopefully breaking and pushing the 0.11 price mark. I can then see it retracing to the area between the ascending support line, and the 3rd descending resistance-turned-support line.
Commentaire:
Price bounced nicely from support line, now for it to test resistance