Ethereum finds resistant at $203.5
Yesterday, Ethereum had a nice day and the price crossed the $200 level. Today is following BTC path and has backed off a bit from the $203.5 resistance. MACD is still bullish and Stochastics is moving down from the overbought area.
The price, although above the descending trendline is below the long-term bullish trendline (blue). So we need to be cautious.
The price, although above the descending trendline is below the long-term bullish trendline (blue). So we need to be cautious.
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