Ethereum Engages Resistance at $3,600 as Bulls and Bears Struggle for Price Poss

[Rockalo]

The price of Ethereum (ETH) has risen back above the 50-day line SMA today, reaching a high of $3,600. Since October 6, Ether has peaked at $3,600 as buyers fail to sustain bullish momentum above the recent high.

On October 6, the altcoin experienced resistance as it fell to support above the moving averages.

Today, buyers are attempting to break through resistance at $3,600. A break above the current resistance will catapult the cryptocurrency above the high at $3,800. However, the largest altcoin will face rejection at the resistance zone at $4,000. Currently, buyers are still struggling to break above the $3,600 level. The largest altcoin will fall and continue its correction if it fails to overcome the recent high. More information: please click here