Ethereum price tested resistance yesterday and failed, but the battle continues!

21 days ago
1 Min Read
127 Words

A couple days ago I mentioned my concern with ethereum's price action. Volume was meager and price was inching slowly higher. Not the makings of a bullish run.

The upside target was 365-370 at that time.

First Test Failed


Looking at the chart you can see price pushed up to resistance and immediately got rejected. Not what we'd like to see but the volume was also light and price is showing green today.

So really all I am seeing from ethereum price at the moment is indecision, which is probably a good thing, otherwise it would be easy to make a case for the bears.

Keep watching that 365 area battle ground as there is good upside if that gets breached.

Posted Using LeoFinance Beta