Following a very unique price development for Bitcoin Cash, the market crash Yesterday did include the just sprung-crypto from Bitcoin's Network.
ETH/USD is trying to take on resistances for a recovery attempt. Buying pressure is leading Ethereum price upwards but the gain momentum will come if the barriers are cleared.
The Gaining moment that took place yesterday did continue for an increase of around $40 making it possible to trade at $344.46 against the USD. Major resistance points were taken down at around $304 and $308 levels.
The digital currency market is unexpected as ever. Analyst and experts are torn into sides where one says this new trend will be going on for multi-years and the other say its a ticking bubble ready to crash down
With the surge in the bullish channel for Ethereum, hoisted the price over the major $335 resistance. For some time it fluctuated around the $344 but to upside pace and close to the $349 psychological resistance it did experience little corrections which was followed with finding support at $343 by the buying pressure while moving to the 23.6% Fib retracement level since the last flow ($324.05-$349.05).
A very positive climbing move took place for ETH/USD over the $321 mark and trading even at $323.49 when it lost its track. With the quick-term profit making selling pressure, the price declined below the $321 support as it did not succeed on the bearish trend at $322-$323 if analyzed on the hourly chart