As indicated on the chart, ETHUSD broke a critical mid-term resistance a couple of days ago decisively. However, the sudden rise of BTCUSD took steam out of ETHUSD .
There seems to be currently another attempt at breaking the previous high. The situation is very fluid. If ETHUSD finally breaks the resistance zone , it could test $380-$400 levels. On the other hand, if it fails this third attempt, chances are that short-term confidence will be depleted, and it will find support around the long-term support zone .
There seems to be currently another attempt at breaking the previous high. The situation is very fluid. If ETHUSD finally breaks the resistance zone , it could test $380-$400 levels. On the other hand, if it fails this third attempt, chances are that short-term confidence will be depleted, and it will find support around the long-term support zone .
