Ethereum / TetherUS
Updated

Important resistance!

246
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.
Trade active
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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.