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NewsBTC 2022-02-18 17:00:39

Bullish: Signals Suggest That Ethereum Might Make A Break Above $3,085

Ethereum has been on another decline along with the market. After struggling to cross $3,100, the digital asset had taken another beating down that saw it crash below $3,000 once again. However, this does not signal more downtrends. In fact, indicators point to the coming upside from Ethereum despite the recent trend, one that would see it test another important resistance point. Ethereum Crossing $3,000? It is no secret that Ethereum has largely fluctuated around $3,000. This price mark is important to the asset, hence the reason why bulls continue to battle hard to keep it. And as sentiment continues to move into the positive, the cryptocurrency is poised to be one of the top gainers from the coming rally. This will see it test a major resistance point before continuing on its upward trajectory. Related Reading | This Indicator Points To A Bitcoin Bottom, $50K Next Target? Although sell signals have continued to overpower buys for the digital asset, other aspects show growing bullish sentiment. A look at the 20-day moving average shows that Ethereum is currently trading above it. This is one of the signals that show how investors are looking at a digital asset in the long term and with ETH trading above this point, it shows that users are willing to purchase it at a higher price than they did over the last few weeks. ETH crumbles to $2,800 | Source: ETHUSD on TradingView.com For an asset like ETH, this could mean t...

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Bullish: Signals Suggest That Ethereum Might Make A Break Above $3,085

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