-
Ethereum Price Recovery Faces Major Barrier, Can Bulls Overcome Bears?
Ethereum price formed a base and started a recovery wave above the $2,220 resistance zone. ETH cleared the $2,240 resistance zone like Bitcoin to move into a short-term bullish zone. However, the bears were active near the $2,300 zone. A high was formed at $2,307 before there was a pullback. The price declined below the $2,280 level. It broke the 23.6% Fib retracement level of the recovery wave from the $2,170 swing low to the $2,307 low. The bulls are now active above the $2,240 support and the 50% Fib retracement level of the recovery wave from the $2,170 swing low to the $2,307 low. Recently, there was a break ... (full story)