CoinCodex: Ethereum Price Analysis - ETH Sees 25% Surge After Burning 21,570 ETH
Ethereum is up by a very strong 25% over the past week of trading as the cryptocurrency battles to break above resistance at $3,155, provided by a bearish .5 Fib Retracement. The coin has been surging ever since it rebounded from $1,710 earlier in July. It was trading inside an ascending price channel but has since broken above the channel to turn parabolic. However, the resistance at $3,155 seems quite significant, and the buyers have failed to close above here over the past three days of trading.
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