ETHUSD resistance zone
The bias of the ETHUSD pair looks bullish, as the price still holds above the support angle the rebound from the 200 days EMA pattern remain valid.
Nonetheless, there is a strong resistance zone 900.0 - 1000.0 on the way up. This zone held a lot of fluctuations and volumes in the past.
We do not expect that the breakthrough of this zone will happen easily. Expect the lateral movement between 700.0 - 1000.0 levels in near-term.
Nonetheless, there is a strong resistance zone 900.0 - 1000.0 on the way up. This zone held a lot of fluctuations and volumes in the past.
We do not expect that the breakthrough of this zone will happen easily. Expect the lateral movement between 700.0 - 1000.0 levels in near-term.
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