Ethereum reached a very significant resistance level at the $ 3,000 Rand price yesterday with an 11% price increase. This Rand range is one of the most important supply and demand ranges for Ethereum . The number is very important, and if it breaks and turns into support, we can expect Ethereum prices to continue to grow up to $ 3400. A downtrend line is drawn on the chart and if Ethereum price growth trend line is broken and confirmed, it can continue.

But during this period the uptrend continued after the reaction to the uptrend channel floor, and the midline of the uptrend channel became support, and then continued to move to hit the range of the downtrend channel . In fact, the price has now reached two important resistances, and the failure of these two resistances could be a sign of buyers’ strength and continued upward movement. As long as the $ 2600 range is maintained, the price trend will continue to rise in the 4-hour period.

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