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ETH Price Analysis: ETH revives 40% off low of $1700, Can Ethereum Bulls Break 45 Day Channel?

source-logo  coingape.com 04 July 2021 18:07, UTC
  • ETH price revives 40% off low of $1700
  • Bulls attempt to break 45 day channel
  • 6 month trend is the most important mark for price to regain

ETH price has been following the path of BTC the last month as the market has stayed within a small range awaiting a breakout. Anticipation of Ethereum’s EIP 1559 update this month has investors taking a bullish stance that ETH will review back above important resistance of $2500. At the time of writing, ETH price is attempting a breakout above its channel resistance that has failed near 4 times the last month.

coingape.com