Looks like Fib 0.618 level is good indicator for Ethereum resistance. WOuld make sense if we see 1-2 daily candles closed above fib level we might see some bulish moves.
I think this will be bearish. too much of resistances at single point. Black line is resistance of lower highs, also Fibonacci level.
Because this is USD pair - price depends on BTC price. So of course if BTC go up - eth can be still and will look like it's going up too. That is fake breakout.
I think ETH will drop to 170$ level. For few days maybe even lower.
If we apply reversed fib. - then it shows some support at 221$
@Raven276, IM not trader, i do not predict anything. And yes he is noob. Also my chart so far is correct so i don't know what you are so happy about yourself. Im just regular crypto owner, that's it. So far all my predictions was correct. So, you're welcome.
@WealthHustler, No mister :) This chart still relevant. Not broke fib. resistance. Any way - nobody knows what will happen. SO never trust anyone who say they know future. ALWAYS think bearish this will save money :)