Ethereum can bounce from support line and break resistance line

16 giu 2023

Hello traders, I want share with you my opinion about Ethereum. Looking the chart, we can see that price bounced from 1760 level and made upward impulse to seller zone. Price a long time traded close this zone, but on 3rd try, it started to decline to resistance area, thereby breaking resistance level and even later current resistance level. Ethereum tried to rise, but failed and fell lower support level to support line. But recently it bounced from this line and now trades close. Possibly ETH can fall to support line again and then start to grow to resistance line. As well I think price can break resistance line and continue to move up. For this case, I set my target at 1715 level. Please share this idea with your friends and click Boost 🚀