Ethereum is trading at the 2,687.60 level at the time of writing. In the short term, it has changed little as the bearish pressure remains high. Now, it tries to come back higher as the price of Bitcoin has managed to grow.
ETH/USD is up by 25.47% from 2,159 last Monday's low. If BTC/USD continues to grow, the price of Ethereum could approach and reach new highs. Don't forget that the current rebound could be only a temporary one.
ETH/USD Challenges 2,651 Obstacle!ETH/USD continues to pressure the 2,651 static resistance (support turned into resistance). Stabilizing above this level may signal further growth. Personally, I've drawn an ascending pitchfork hoping that I'll catch a long opportunity.
Unfortunately, the crypto failed to test and retest the lower median line (lml). Technically, as long as it stays above it, ETH/USD could continue to growth towards the median line (ml) and towards the down channel's resistance.
ETH/USD Prediction!A minor accumulation above the 2,651 broken level could bring new short-term buying opportunities. 3,000 psychological level stands as a potential target. Potential further growth could be invalidated by a valid breakdown below the ascending pitchfork's lower median line (lml).