koryu
Long

ethereum resistance to support?

COINBASE:ETHUSD   Ethereum / U.S. Dollar
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The 3day chart for ethusd can help us to see the bigger picture.

Price has left the downtrend channel and established a base with resistance around 160$ which was broken and is now retested.

If the 160 level holds and forms a swing low we can be more confident and it should act as a launch pad. Otherwise it will look rekt again and should at least go to the red trendline .
Comment: looking good. volume is declining during the consolidation. support holding.

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