Bulls in the market Ethereum consolidate volumes for attempts breakdown of sales resistance at the psychological price level of $100.00 per coin, ETH.
The four-hour chart the ETH/USD
The current trading week for four-hour chart of BTC/USD is calculated the key levels of support and resistance.:
- the level of short-term reversal – $86,30;
- support levels– $81,00/$77,70/$72,30;
- resistance levels– $91,70/$95,00/$100,30.
At the time of the market review pair of ETH/USD is trading at $95,08 with lower quotations from a session high price of $96,74.
Given the significant increase in open long positions on Ethereum on the background of reducing the volume of short positions, there is a possibility that the bulls will fix the price of Ethereum above the key level of $95,00.
In that case, if the sellers will break the support price at the indicated level, we should expect its reduction in the range of the correction model the short-term uptrend in the range of $93,00-91,70.