Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: Sharpmax on February 25, 2021, 04:42:23 PM
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Yesterday, Ethereum bulls were retesting the $1,700 high to break above it. The upside momentum was weak as bulls failed to break above the recent high.
A breakout above the $1,700 high will allow buyers to retest or break the $2,000 overhead resistance. Nevertheless, buyers and sellers are still struggling for price possession below $1,700 high. Assuming, the bears have the upper hand, they will break the $1,400 support. This will cause Ether to fall into a deeper correction. Meanwhile, Ether is making an upward move after its rejection at the $1,700 high. The upside momentum will resume if price breaks level $1,700. Otherwise, the cryptocurrency will be compelled to a range-bound move. Source link (https://cryptonews.net/476192/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)