We recently saw an ETH breakout from its steady uptrend, but it got stopped in its tracks around the 250 mark. I believe its hit the resistance originally put into place by the downtrend that started from the all time high.
However, It plowed through the resistance from the second downtrend angle easily, so that is a good sign. Hopefully there is another breakout soon and it has enough buy pressure to pass the thick red line. If that happens we will see a heavily bullish market.
However, It plowed through the resistance from the second downtrend angle easily, so that is a good sign. Hopefully there is another breakout soon and it has enough buy pressure to pass the thick red line. If that happens we will see a heavily bullish market.
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