#Ethereum ($ETH ) Price Hovers Above $1,600 After Underwhelming #ETF Launch
The Ethereum ($ETH ) price bounced at a nearly 500-day ascending support trendline and broke out from a descending resistance trendline.
After the breakout on September 28, #ETH price hit a high of $1,751 on October 1 but has since fallen, mirroring the crypto market trend.
A close below the long-term ascending support trendline will mean that the trend is bearish. This could cause a significant price decrease.
The Ethereum ($ETH ) price bounced at a nearly 500-day ascending support trendline and broke out from a descending resistance trendline.
After the breakout on September 28, #ETH price hit a high of $1,751 on October 1 but has since fallen, mirroring the crypto market trend.
A close below the long-term ascending support trendline will mean that the trend is bearish. This could cause a significant price decrease.