Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: Fawpac2 on June 03, 2021, 11:35:09 PM
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ETH/USD – Bulls Need To Break $2892 Resistance Before $3000.
Key Support Levels: $2800, $2740, $2600.
Key Resistance Levels: $2892, $3000, $3135.
ETH is looking healthy today with a 5.5% surge allowing it to break this week’s resistance at $2740. The coin had bounced from $2200 at the start of the week and began to push higher. On Monday, it managed to break $2600 and climb above a descending trend line to reach the $2740 resistance.
Today’s 5.5% price hike also allowed ETH to break back above the 20-day MA level for the first time since the May market capitulation started. Resistance at $2892 (50-day MA) still needs to be broken before ETH can hit $3000 and resume its bull run. Source (https://cryptonews.net/745461/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)