- Oct 15, 2019
According to Ethereum News, the largest altcoin Ethereum is busy reversing its losses after its price fell to as low as $153. This is significant because while Bitcoin has seen resistance levels between $7,500-$7,600, Ethereum has displayed substantial rebound and price resistance. This week’s bearish trend line is still active and has registered resistance near the $164 along the hourly chart of ETH/USD. The pair would most probably face stiff resistance near the mark of $164 and $165 in the near future.
Yesterday, a massive decline was seen in the Ethereum prices after it hit levels of $170 and $165. As Ethereum continues to rebound below the $165 level, it would lead to more situations for losses and the price trading below $160. Eventually, a further decline from $155 to $153 led to the price resistance.