Ethereum Is At a Pivotal Resistance, and a Rejection Could Send ETH to $300

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Ethereum has seen a strong performance in the past 24 hours. The coin has reached its highest price in days as it moves to $360. While this is bullish price action, Ethereum printed a number of wicks above the current price. This important as above ETH’s current price is an important horizontal resistance. Ethereum failing to surmount this level and flip it into support exposes the coin to a drawdown, analysts say. Bitcoin may end up dictating ETH’s price action at the end of the day. Analysts should watch Bitcoin and Ethereum in the coming days to determine the direction the rest of the crypto market will move. Ethereum Is Primed to Drop as It Fails to Pass a Key Resistance Ethereum failing to move past the resistances in the $365-375 region could result in a strong correction according to top analysts. Michael Van De Poppe, a crypto analyst and…

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