/USD briefly broke out of its resistance point at $1,645 in today’s session, hitting a high of $1,666.88 in the process.
This was the highest price for ethereum since June 10, when prices were trading at a high above $1,800.However, like bitcoin, earlier bullish momentum has given way as today’s session has progressed, with the token now trading at $1,619.57. Looking at the chart, it now appears as if the earlier rally above the ceiling of $1,645 might be a false breakout.
In addition to this, the RSI is now tracking at 62.58, which is relatively near the next resistance point of 66, which might have prompted bulls to exit, thus avoiding the imminent obstacle.Tags in this story
A handful of BTC sellers pumpers just got all twitter-happy.
GDP -0.9%
Bitcoin has been in a downward trend for a year since 2021 in November when it continued its downward trend and is still going. And now it's time for Bitcoin to continue its upward trend among people, otherwise it will create an economic disaster in the world.
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And now lower like a yo-yo
Bubble is about to burst
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