ETH/USD Slumps From $2945 Resistance

Against Bitcoin, the daily chart shows that the Ethereum price is trading above the 9-day and 21-day moving averages around 0.071 BTC. As soon as the price crosses above the upper boundary of the channel, there is a possibility that additional benefits could be obtained in the long term and the next resistance key above 0.075 BTC is close. But, if the price begins to rise, it could break above 0.078 BTC and above in the nearest term.
Bitcoin (Cryptocurrency)BTCchannelbreakchartChart PatternsTechnical IndicatorsmovingpriceSupport and ResistanceTrend Analysis

Disclaimer