ETHUSD Tested Key Resistance Level, Can Price Hold?

Price has been trading in the bearish channel trend since May of this year. Now price is trading just under a key resistance level . In which, price spiked to touched the resistance level last week. Nevertheless, there is still a significant amount of room for price to run in the coming weeks.


ETHUSD Tested Key Resistance Level, Can Price Hold? by EmpowerTrader


Trade Step-ups:

Bullish Breakout: Price breaks current resistance level , look for consolidation above 235.00.

Bearish Reversal: Price rejects a bullish breakout. Look for a bearish reversal to 180.00 & 165.00 respectively.

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