The bias of the ETHUSD pair looks bullish, as the price still holds above the support angle the rebound from the 200 days EMA pattern remain valid.
Nonetheless, there is a strong resistance zone 900.0 - 1000.0 on the way up. This zone held a lot of fluctuations and volumes in the past.
We do not expect that the breakthrough of this zone will happen easily. Expect the lateral movement between 700.0 - 1000.0 levels in near-term.
Nonetheless, there is a strong resistance zone 900.0 - 1000.0 on the way up. This zone held a lot of fluctuations and volumes in the past.
We do not expect that the breakthrough of this zone will happen easily. Expect the lateral movement between 700.0 - 1000.0 levels in near-term.