Ethereum finds resistant at $203.5
Yesterday, Ethereum had a nice day and the price crossed the $200 level. Today is following BTC path and has backed off a bit from the $203.5 resistance. MACD is still bullish and Stochastics is moving down from the overbought area.
The price, although above the descending trendline is below the long-term bullish trendline (blue). So we need to be cautious.
The price, although above the descending trendline is below the long-term bullish trendline (blue). So we need to be cautious.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.