Ethereum Price Analysis: ETH/USD Price Broke Up $258 Level, Exposed $289


Published 1y ago via coinspeaker.com

Ethereum Price Analysis: ETH/USD Price Broke Up $258 Level, Exposed $289
Coin Speaker via coinspeaker.com

After the Ethereum price retest, the bullish momentum may place the price at $289 level in case the Bulls defend the $259 level. The bullish momentum propelled Ethereum price to break up the two dynamic support and resistance level and the bullish momentum extended to the supply zone of $258.

The mentioned level was penetrated and the bullish candle closed above the level; it indicates that the rise in the price of Ethereum may continue. The Bulls gained enough momentum that pushed up the price to reach a high level of $258 and broke up the level with a strong bullish candle.

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