Ethereum price analysis
Updated
Here you can see main support and resistance zones in ETHUSD for the upcoming days.
The price seems to be gaining some momentum in the bullish territory and could open more doors for growth if the resistances are breached. On the downside there are two support zones that sellers need to get through to extend losses.
The price seems to be gaining some momentum in the bullish territory and could open more doors for growth if the resistances are breached. On the downside there are two support zones that sellers need to get through to extend losses.
Note
The price has moved down to the first support zone. Now it can either bounce up from its bottom line or continue the decline to next support zone.Note
The price spiked way up to $212 and broke the major bearish trendline. It started a short term correction and it now has multiple green candles in a row, which could indicate that the price will break through the resistance zone soon. $209.50 - 209.25 will most likely be a weak support to prevent losses in case the price starts falling.
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