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The price of Ethereum jumped as much as 1,667 yesterday. Now, it's trading at 1,654 at the time of writing. You knew from yesterday's analysis that the altcoin could jump higher after failing to approach and reach the 1,542 former low.
Also, I've told you that BTC/USD's upside continuation should drag ETH/USD higher as well. Yesterday, the altcoin increased by 4.40% from 1,596 to 1,667.
As you can see on the H1 chart, ETH/USD jumped far above the 1,632 static resistance and beyond the downtrend line.
It has found temporary resistance right below the 1,669 static resistance (former high). After its strong growth, the rate could retest the broken levels before jumping higher.
Jumping and closing above 1,669 activates further growth and brings new long opportunities.
*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。
InstaSpot分析评论将让您充分了解市场趋势！ 作为InstaSpot的客户，您将获得大量的免费服务以实现有效的交易。
