ETH is currently trending along a upward sloping trend line. It could be an area for the price to bounce of. In addition, the RSI is bouncing off the 40 RSI support level that has been held for 11 days.
The $151 to $155 is a key resistance level to watch as it the price has been rejected multiple times in the past. If it breaks that area, a key area to watch is around $167 as that is a former swing high.
If ETH is able to bounce of the trend it, it would form a ascending triangle, similar to bitcoin.
The $151 to $155 is a key resistance level to watch as it the price has been rejected multiple times in the past. If it breaks that area, a key area to watch is around $167 as that is a former swing high.
If ETH is able to bounce of the trend it, it would form a ascending triangle, similar to bitcoin.