Ethereum is attempting to recover higher in early-week trade, after crashing towards the $80.00 support level. It is worth noting that the third largest cryptocurrency by market capitalization has yet to reach the full downside projection of the bearish head and shoulders pattern. Only a sustained move above the $98.00 resistance level can negate immediate selling pressures on the ETHUSD pair.
The ETHUSD pair is strongly bearish while trading below the $98.00, further losses towards the $80.00 and $75.00 levels still remains possible.
If the ETHUSD pair moves above the $98.00 level, further upside towards the $106.00 and $123.00 resistance levels seems possible.
The ETHUSD pair is strongly bearish while trading below the $98.00, further losses towards the $80.00 and $75.00 levels still remains possible.
If the ETHUSD pair moves above the $98.00 level, further upside towards the $106.00 and $123.00 resistance levels seems possible.
