Ethereum remained well-bid and strong above the $1,220 zone.
It could start another drop if it fails to climb above the $1,300 resistance. Initial support on the downside is near the $1,260 level and the 100 hourly simple moving average.
A close above the $1,300 resistance might start a new increase. The next major resistance is near the $1,320 level, above which ether price could gain bullish momentum for a move to $1,400.
It could start another drop if it fails to climb above the $1,300 resistance. Initial support on the downside is near the $1,260 level and the 100 hourly simple moving average.
A close above the $1,300 resistance might start a new increase. The next major resistance is near the $1,320 level, above which ether price could gain bullish momentum for a move to $1,400.
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If there is a break and close below $1,220, the price could drop towards the $1,200 support. Any more losses could lead the price toward the $1,165 support.
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