Yesterday we saw a new increase above the resistance of $180. The pair struggled to maintain a bullish momentum and later corrected below this level.
In addition, the Fibonacci retracement level of 61.8% of the last wave from a minimum of $174 to a maximum of $185 served as support.
It seems that there is a connecting bearish line with resistance of about $182 on the ETH/USD hourly chart, which is an obstacle. A clear break above the trend line and $184 can open doors for further growth.
In addition, the Fibonacci retracement level of 61.8% of the last wave from a minimum of $174 to a maximum of $185 served as support.
It seems that there is a connecting bearish line with resistance of about $182 on the ETH/USD hourly chart, which is an obstacle. A clear break above the trend line and $184 can open doors for further growth.
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