Ethereum’s Trident

Cryptocurrency, Asset, Electronic Payment, Payment

Image Source: Pixabay

Only a couple of weeks ago, Ethereum was banging against its long-term broken trendline, and I pointed out what an important point of resistance this was. It reached escape velocity on July 15th, however, and it hasn’t looked back since.

ETH has roared higher after that break, and now it is approaching an even more important level of resistance, which is at about $4100, a level reached back in March and December of 2024. This may be a key point of exhaustion for this #2 crypto coin.