ðĨ Ethereum Closing In On Bear Market Resistance
Ethereum has been trading below the Bear Market Resistance line for almost 1.5 years now. However, this might soon come to an end.
In my view, a break out through this resistance can be the catalyst of a new bullish phase for ETH. BTC has already broken out through a similar Bear Market Resistance a couple of weeks ago, so now only ETH remains. Once the two biggest crypto's will be trading above said resistance it will give a clear bullish signal to the market.
I'm looking at the blue lines for my targets. Wait for the break out.
In my view, a break out through this resistance can be the catalyst of a new bullish phase for ETH. BTC has already broken out through a similar Bear Market Resistance a couple of weeks ago, so now only ETH remains. Once the two biggest crypto's will be trading above said resistance it will give a clear bullish signal to the market.
I'm looking at the blue lines for my targets. Wait for the break out.
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