Ethereum price rally under question after ETH slams into resistance at .6K

Ethereum price rally under question after ETH slams into resistance at $1.6K

Ethereum (ETH) price is struggling to overcome resistance at $1,600 and this is the altcoin’s third attempt since September 2022. Some would say the 33% year-to-date rally could be interpreted as a failed opportunity to breach the $200 billion market capitalization mark. 

Ether/USD price index, 2-day. Source: TradingView

If Ethereum price were to break above $1,600, it would return Ether to a top-60 global tradable asset, surpassing giant multinational companies like Nike (NKE), Novartis…


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