- Ethereum Price Analysis: ETH wants to break free over $3000
- ETH over $3000 – daily new highs
- Ethereum overtake quota $3000. New highs on the horizon?
Ethereum continues its upward path, reclaiming $3000. The next crucial resistance level for this cryptocurrency is a little over halfway up at 4100 SATs on the 14-day ADX index – which stands for average daily changes and provides an idea about whether or not there will be more selling/ buying pressure in certain periods based off recent trends (more negative values mean selling).
If these levels can’t hold against Ethereum’s advances then we’ll see further upsides towards 6000$!
In the last 24h the Ethereum price challenge continues to break above the channel’s resistance at $3200.
Ethereum had a rough start to the week, with prices dropping below $2800 on Monday. However after some strong selling throughout Tuesday and Wednesday morning traders entered into buy orders which were able to close out daily candles green while still holding onto some bearish structure in place aspiring for bullish movements.
Time will tell if these Traders’ aspirations for control can come true.
