Following The Dip Below $3K, Did ETH Find a Local Bottom?

Key Support levels: $3K – $2750

Key Resistance levels: $3,300 – $3,600

ETH’s downtrend is currently taking a break, with prices pausing just above $3,000. The sellers seem unable to push the cryptocurrency lower after the latest attempt yesterday briefly took the price to $2,926 (Bitstamp) before it recovered back above the key support.

The resistance is found at $3,300 and appears quite far away at the time of this post. Before buyers have the confidence to put ETH on…


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