ETHUSD - Bulls Step In

2 Mar 2020

Yesterday ETH looked as if it want to start a next leg lower with a bearish break of the pennant and a test and rejection on the intraday charts. Overnight bulls were able to be ETH back up through the upper and lower channel of the pennant. With this bullish reversal we may finally see price start to rally again. The big question will be if this is just a relief rally or if we will see higher highs. 250-255 is the next major resistance area and the level to be watching.