ETHUSD Unable To Break Resistance at 351.48

ETHUSD CHART PRICE – ETHUSD DAILY

After we adjusted our Fibonacci Retracement we found new support and resistance levels on the graph, unfortunately Ethereum has not been able to break this resistance at 351.48, there is still time in the trading session and it could recover some ground, it is currently down 0.45% after a 2.80% gain on the previous session, it has become hard to make predictions on a few cryptocurrencies as there has not been a lot of volatility, we are seeing that the bollinger bands for this pair as very very narrow, and they will probably get closer together before a big breakout in volatility, as we said before last time this happened the price skyrocketed, but it’s very hard to predict if it can take the same pattern as before, for now stay alert of this resistance level, I believe that if the cryptocurrency is able to break it we could have the possibility of a potential long trade, but let’s be patient and lets keep an eye on this pair.

This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.