Crypto News – Ethereum Price Bounces Again But Touching These Levels Could Trigger A Sell Off

Crypto News - Ethereum Price Bounces Again But Touching These Levels Could Trigger A Sell Off thumbnail

Crypto News – Ethereum Price Bounces Again But Touching These Levels Could Trigger A Sell Off
Ethereum’s price rose once more in the 24 last hour. ETH gained 8% in the last day.

This helped altcoin overcome several trading levels, and turned them into support lines. Altcoin was bullish at the time this article was written.

In just one week, the coin has risen more than 20%. This makes the price action bullish. The technical outlook for Ethereum was bullish, as the demand for altcoins became very positive at the time this article was written.

As a result, the purchasing power of Ethereum has become more optimistic as of this writing. Ethereum will only reach $1 ,700 resistance if the bulls keep the price above Ethereum’s immediate resistance.

The coin could trade near the $1 ,500 price area again if the bulls fall. The $1 ,690 resistance level could cause a sell-off.

The bulls could overcome the $1 ,690 barrier and start a larger trend shift. Ethereum’s buying power and the strength in the overall market remain important.