ETHEREUM About To Close Up Almost 10% On The Daily With Increasing Bull VolumesteemCreated with Sketch.

in #ethereum6 years ago

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Ethereum has been a bit of a frustration lately. However, now we're seeing the fourth day of increasing bullish action on the daily along with a close near 10%.

Technical indicators still show bullish pressure. We're looking at resistance at the $250 level which I'm confident will break. If we keep seeing this hype that we've seen the last few days, we are looking at great odds for this bear trend to reverse.

Currencies like ETH have taken a beating lately, but the upside potential is amazing!

Since we've seem higher highs now, it's likely we will see a higher low. Support is now $225 which puts the likelihood extremely great of a higher low.

$250, $260, and $270 will be significant resistance levels though. A break of them should happen and would open up price movement up to $300 and then $320.

Have a great weekend!

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