This is good sign for ETH. ETH breaks the resistance area after multiple attempts. The next resistance area for ETH is now $2440 and $2600 area. We may see a retest of $2270-$2290 before going higher.
10 days after here we are again >>>>>
https://coinmarketcap.com/currencies/ethereum/ Trading at 18 hundred dollar again , that is 500 dollar drop in just 10 days.
I see so much pressure in all coins as bitcoin still keep being stagnant and struggling to climb back 35,000.
A much volatile price trend where everybody tries to break their own resistance but failed to do, and this is expected the moment they reach the resistance. Good thing I play short with ETH and I'm pretty sure many traders also see this pattern, this is a normal scenario in cryptomarket.
The market is still unstable and very volatile at the moment, we can't afford to expect too much from any coin/token so if you see a good price to sell and buy, do grab that opportunity and set-up your short term target, that could be more effective. ETH is still a good altcoin btw so don't panic and stay focus.