3 min readETHEREUM (ETH/USD):
Ethereum has experienced a remarkable upward trend in recent weeks and is currently trading above $3,700.00. However, the price has encountered resistance at this level and is facing a rejection in this internal resistance zone.
A closer examination of the technicals reveals that if the price manages to break higher and move through this internal resistance zone, I will be keen to observe its behavior in the external resistance area. This area aligns perfectly with our previous all-time high (ATH) level of $4,868.00.
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