FX.co ★ #Ethereum chart analysis

The price #Ethereum on the daily chart continues to trade in a narrow range for more than two trading weeks. Trading is taking place slightly above the 2700 level. The current price behavior suggests that in the foreseeable future we will see an impulsive breakout and the price move beyond the current sideways range. In the event of a breakout to the upside the price may run into a sloping resistance passing around the 2800 level. And there may begin significant selling by large players, so I do not consider buying from the current levels, I'm afraid of running into a strong bearish impulse. Buy entries are attractive in the event of a correction to 2350.