$ETHUSD was able to fight higher in the past day and touched resistance above that was last seen as a legitimate value on the 8th of January.
However the push higher may not be enough to stop the bearish trend which has been consuming ETH/USD and its major counterparts. Important values will need to be penetrated higher, before the broad cryptocurrency market and Ethereum produce a believable upwards climb for many traders to reconsider the current technical signals.While some ambitious optimists certainly lurk and believe ETH/USD remains in oversold territory, they may also be inclined to be long term viewpoints.
Only two days ago ETH/USD did actually fall to within sight of the 2900.00 level, but it did not break this mark.
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