The post Ethereum Price Prediction For May 29 appeared first on Coinpedia Fintech News
Ethereum’s price action has been slow and sideways recently, with analysts waiting for a confirmed breakout. Let’s take a closer look at what’s happening on the charts.
Ethereum Faces Strong Resistance Around $2,700 – $2,800
On the daily time frame, Ethereum is struggling to break above a strong resistance area between $2,700 and $2,800. Every time the price enters this range, it faces selling pressure and gets rejected.
If ETH can manage to close candles above $2,800, it could trigger a bullish move towards $3,200 – $3,300. But for now, it continues to bounce between this resistance and the support level around $2,400.
ETH Moving Sideways in a Tight Range
Ethereum’s price is currently moving sideways between $2,400 and $2,800. It has been stuck in this range for a while now, without any clear breakout in either direction. ETH seems to be forming an ascending triangle patte
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