With the crypto market still in a bearish trend ETH seems to have shown some bullish resistance... right? I don’t think so. As we can see ETH is bounced within the $980-$1054 price range for a while now and the bounces it’s made have created a bearish pennant which could mean a bearish breakout is imminent. I think this will happen after ETH bounces off the $1030...
As we can see the strong level of resistance at around the $1,150 level that can be broken through as the buying momentum and volume picks up. We can see a break through of the resistance and see the old resistance become the new support and bounce off of that $1,150 level once again in an upwards trend all the way to it’s latest high of $1350.
