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.
well, currently the price of ethereum is back below the price of $ 2k. I'm pretty sure that the current movement of ethereum is heavily influenced by the price of bitcoin. not only ethereum, but also for other altcoins. however, I hope the price of ethereum can get back above the price of $2k again. it might be supported if the bitcoin price can reach above $35k again.
without that ethereum will go back up to 2k. I'm sure the next few days ethereum will rise again. without having to support the movement of bitcoin, ethereum can do it. the question is whether ethereum is able to do more than that. so far ethereum has touched a resistance point several times, but always turns around again. can never break it to climb higher. I wonder why this is happening.
the reason is because bitcoin is not moving up. that's why ethereum and all altcoins can't recover. it's been weeks bitcoin market without a trend, the price always going up and down between 30k-35k creating confusion in the market. This puts pressure on the prices of all altcoins. its impact on ethereum is the current situation. always tried to break the resistance but never succeeded.