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Ethereum Facing Resistance in the White Zone

Written By: ChartChamp

August 26, 2024

The recent Bitcoin rally has helped Ethereum and Altcoins experience some upside. Ethereum is now trading within the white resistance zone between $2,683 and $2,863. However, ETH is struggling to make some progress here, and there seems to be sellers driving the price down. I would continue to monitor the white zone for a breakout or rejection. ETH needs to break above $2,863 to rally higher, and I would monitor BTC to see if $63k continues to hold.

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