Ethereum has started showing clear signs of recovery
After a period of fluctuations and movement within a narrow range, we now see a return of buying momentum, as the price managed to break through an important resistance area around $1,860 - $1,880, which had been acting as a barrier to further upside
A close above this zone would be a positive signal, and could pave the way for testing the next area between $1,940 - $2,010
And if the buyers’ strength continues, we may see targeting of the stronger zone at $2,290 - $2,366 during the coming period
Meanwhile, the $1,795 - $1,860 area remains an important support, and maintaining it strengthens the bullish scenario
$ETH
After a period of fluctuations and movement within a narrow range, we now see a return of buying momentum, as the price managed to break through an important resistance area around $1,860 - $1,880, which had been acting as a barrier to further upside
A close above this zone would be a positive signal, and could pave the way for testing the next area between $1,940 - $2,010
And if the buyers’ strength continues, we may see targeting of the stronger zone at $2,290 - $2,366 during the coming period
Meanwhile, the $1,795 - $1,860 area remains an important support, and maintaining it strengthens the bullish scenario
$ETH