Ethereum Price Analysis – A New Resistance Level For ETH/USD – BerTTon

new resistance level

ETH Highlights:

A new resistance level has emerged from today’s price action
ETH price fell to a new low of $695.95 at the time of writing
A bearish trend has been established, breaking the $880 support established last week

Previously, we’ve established a support level of $880, which was obviously broken down as ETH began to sink over the weekend. In fact, the downside movement was able to slip below two possible support levels at $760 and $700.

The $760 price point is considered a Fibonacci retracement support at 23.6%, so with today’s plunge, we have …

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