Last June we have seen Ethereum testing the green zone.
Since then the price has pulled back to the 61.8% fibo, where we also have a strong support line.
On the weekly chart we have a perfect support (at $166) line which has acted as support and resitance. The price has bounced off it once again.
If the price pulls back again into the upper blue zone we will have a rally to the upper green resistance zone. If the price clearly breaks the the yellow resistance line, the price will move towards the lower blue support zone.
Since then the price has pulled back to the 61.8% fibo, where we also have a strong support line.
On the weekly chart we have a perfect support (at $166) line which has acted as support and resitance. The price has bounced off it once again.
If the price pulls back again into the upper blue zone we will have a rally to the upper green resistance zone. If the price clearly breaks the the yellow resistance line, the price will move towards the lower blue support zone.