Crypto Blog
Ethereum’s attempt to move above $1,660 was quickly stopped by sellers and the price has returned to the key support trend line. For this reason, ETH closes the week with a 2.5% loss.
What this shows is that bulls are starting to get eager. The momentum indicators are also turning up, and the MACD on the 3-day timeframe did a bullish cross this week. This could signal the start of a possible rally. This price action is likely to continue as long market as participants don’t return to Shiba Inu. There is simply no conviction to break the current support at $0.0000070 or the resistance at $0.0000075.
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