Ethereum (CRYPTO:ETH) held support at the important $1,950 level. It was apparent that there would be support at this level because it had previously been a resistance level.
The low trade on April was right at $1,950. Since then, it has been trending higher.
Now ETH has hit resistance at the $2,500 again, which is where peaked on April 15 before it sold off.
Resistance is a large group of sellers all trying to get the same price. In this case, it’s $2,500….
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