The bulls tried several times to break the strong resistance level of $1700 but failed to do so. However, it has now retraced to the golden pocket area, presenting a favorable long opportunity with the potential to surpass the $1700 resistance leve this time. If successful, the next target level could be the psychological mark of $2000.
The bullish bias for ETH remains intact as long as it continues to trade above the support level of $1500. It is recommended to monitor the price action over the coming days to determine whether it can break through the $1700 resistance level and continue its upward trend.
The bullish bias for ETH remains intact as long as it continues to trade above the support level of $1500. It is recommended to monitor the price action over the coming days to determine whether it can break through the $1700 resistance level and continue its upward trend.