When will Ethereum rise to $450 again? ? ? ? ? ?
The price of Ethereum is sandwiched between two critical congestion areas. The good news is that another collapse does not look imminent. However, recovering is complicated as well.
To rise, it needs to overcome $409 which is a dense cluster of levels including the SMA 50-1h, the SMA 200-15m, the SMA 10-4h, the SMA 10-1h, the BB 15m-Upper, the Fibonacci 38.2% one-day, the SMA 100-15m, the SMA 50-15m, and the SMA 5-4h.
On the other side, $398 is the convergence of last week's low, last month's low, the PP one-month S1, the BB one-day Lower, and the PP one-day S1.
Lower, significant support is found only at $358 which is the meeting point of the PP one-month S2 and the PP one-week S2.
To the upside, resistance is at $429 which is the confluence of the PP one-day R3, the SMA 200-1h, the Fibonacci 38.2%, and the SMA 50-4h.