/USD hit a low of $1,540 during yesterday’s session, however it has rallied to a peak of $1,584.26 so far today.
The move takes ethereum closer to its recent resistance level of $1,615, which appears to be an area of sizable uncertainty.This level of volatility has been heightened by the fact that the RSI is also near a similar point of resistance, as the index currently tracks at 48.00. As seen from the chart, bears typically opt to reenter at this point, hoping to capitalize on bulls hoping for a breakout.bulls intend to send prices surging, they will first need to move past these current points of contention.Tags in this story
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