Ethereum Resting Before More Climbing?

1y
4:18
Description

Ethereum carried on with its upward momentum over the last week after breaking out from the down trend that has been persisting since February. Right now it’s trading at $542 and attempting to jump over the last resistance level located at $496 with what appears to be some strong interest from buyers. Whether it was the announcement that many U.S. investors had to sell part of their cryptos due to tax reasons, or that digital currencies were ok for Muslim investors to trade, but something did act as a trigger last week and it’s been an almost complete green wave since then. Where are ETH/USD and ETH/BTC headed next? Check out our analysis in this video and let us know what you think in the comments below.