Ethereum Price Technical Analysis 03/31/2016 – Resistance Turned SupportEthereum price kept struggling near the $11.80 resistance area, as highlighted in yesterday’s post. However, the ETH bulls finally managed to take the price above the stated level, and there was an hourly close above it. Now, the price is moving down, and the same resistance area is currently acting as a support and helping the bulls to regain ground.
There is an ascending channel pattern formed on the hourly chart (data feed via Kraken) of ETH/USD, which may play a major role for Ethereum...
continue to read
