Ethereum Price Continues Level Up Battle

About a week and a half ago I posted some ethereum price action analysis. At the time price was battling the 1750 area resistance, looking to level up to the next range.

The good news is that battle still continues. The bad news is that battle still continues.

Ready, Fight!

Looking at the daily chart above you can see the price action I mentioned earlier.

The first attempt to breach at the beginning of the month was met wit some resistance, but only led to a very modest pullback before price crept back up to battle the 1750 area again.

All it takes is one nice green day to see price zoom through this level and hit the next upside target in the 1975 area.

I will say the chart is starting to form a nice cupping pattern which could lead to a cup and handle pattern (which is a bullish technical pattern).

It has been a slow grind higher the past month or so, but it is higher so that is what matters.

Posted Using LeoFinance ^Beta