Ethereum Consolidates Below $4,200 Resistance Zone, Uptrend Likely

[Rockalo]

Since October 21, the price of Ethereum (ETH) has been fluctuating below the $4,200 resistance level, and today the largest altcoin is trading at $4,152 as of press time. The price of Ether has stabilised below the recent high.

Every time the cryptocurrency reaches the resistance zone, it is rejected. Essentially, the market is fluctuating between $3,950 and $4,200. On the upside, a breakout above the $4,200 resistance will drive the cryptocurrency above the $4,800 high. However, Ether will face rejection at the high of $4,300. Nonetheless, the current range-bound move will continue if the resistance is not broken. More information please click here