Ethereum Resumes Selling Pressure, Unable To Breach $2,300 Resistance

[Tnoy30]

Ethereum is in an upward correction as price faces another rejection at $2,300 high. Selling pressure will resume if buyers fail to breach the recent high. For the past four days, Ether has been in a downward movement.

The resistance at the $2,544 high propels the biggest altcoin to resume selling pressure. On April 16, the altcoin dropped to $2327 low and corrected upward. Ether price retested the $2,500 resistance zone and plunged to a $1,926 low. Promptly, the bulls bought the dips as price resumed upward. The current upward move is stuck below the $2,300 resistance. On the upside, if buyers breach the recent high, a retest at the $2,500 is likely. Otherwise, the selling pressure will continue on the downside.
Source: Ethereum Resumes Selling Pressure, Unable To Breach $2,300 Resistance