We last spoke about the ethereum on February where price found resistance at level 1978.0233 .This level was set to be the all time high at the time. Since then then the ether price action plummeted before finding support and soaring bullishly to break past its previous all time high and set new boundaries for the market.

Ether H4 Chart 6 April 2021
ETHUSD H4 Chart 6 April 2021

Today the ether price trades above its previous all time high at level 2146.1323 . So far price seems to struggle to break past this level. Could this be our new resistance level ? Our analyst believe that this could possibly a fake break, if price plummets bearish below level the previous high which is level 1978.0233 . Possibilities are we could see price retrace a bit before we notice more bullish price action.

Say for instance the ether price action finds support at level at 1978.0233 this could be a good sign for ether investors looking to take the market bullish. The ether currently holds goods benefits for the crypto community and holds possible signs of rising even further. The best entry could serve profitable for investors.

ETHUSD Daily Chart 6 April 2021
ETHUSD Daily Chart 6 April 2021

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