The price of Ethereum climbed as much as 3,483 in yesterday's session, registering a new high. Now, it's traded at 3,379 at the time of writing. The bias remains bullish despite temporary declines.
ETH/USD is down by 0.56% in the last 24 hours, but it's up by 11.74% in the last 7 days. In the short term, Ethereum retreats as the price of Bitcoin dropped in the short term.
ETH/USD Upside Intact!
ETH/USD could jump towards fresh new highs anytime as long as it stays above the uptrend line and above the 3,284.75. It has found temporary resistance at the weekly R1 (3,453), so a minor retreat is natural.
Staying above the uptrend line and making a valid breakout above the weekly R1 (3,453) could activate an upside continuation. Only dropping below the uptrend line and below 3,284 could invalidate a larger growth.
ETH/USD Prediction!
A valid breakout above the R1 (3,453) could activate an upside continuation and could bring new long opportunities.
