Ethereum price is trading near a major confluence resistance area of $15.00. Let us see how we can trade ETH/USD in the current situation.
Key Highlights
- Ethereum price stayed elevated against the US Dollar, but I think one should trade carefully moving ahead.
- There is a monster resistance area formed near $15.00, which acted as a barrier on many occasions.
- There is likely a Triple top pattern forming on the daily chart (data feed via Kraken) of ETH/USD, which if valid might call for losses.
Ethereum price is trading near a major confluence resistance area of $15.00. Let us see how we can trade ETH/USD in the current situation.
Major Support Level – $13.00
Major Resistance Level – $15.00
