ETH/USD

Ethereum is struggling to breakout of the $341, which is the 50 percent Fibonacci retracement of the fall from $396.88 to $285. Though the bulls have managed to keep the digital currency within the ascending channel, and they have not been able to breakout of the overhead resistance.

Although the Bulls have been able to keep the electronic currency within the ascending station, and they have never been able to break-out of their overhead resistance.

The RSI is near the 52 degrees and the 20-day MA has flattened out, signaling a range bound trading. But if the bulls can break-out of $354 levels, a retest of $381 amounts is likely.

Therefore, traders that have gone long on our recommendation should keep the stop loss at $318.