Has ETH come back to the bullish zone? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum
Ethereum is one of the biggest gainers today, rising by more than 7%.
On the hourly chart, Ethereum has bounced off the support level at $1,171. At the moment, the price is trying to fix above the resistance at $1,310. If buyers can do that by the end of the day, there are chances to see further growth tomorrow. On the bigger time frame, the situation is also positive as the rate is able to fix above yesterday's high at $1,336. If that happens and the volume keeps rising, bulls might seize the initiative and try to restore the rate to the next resistance zone around $1,500.
Analyzing the chart against Bitcoin , Ethereum has almost immediately gotten back in the game as the bar is about to close in the bullish zone, above BTC 0.07175.
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