Ethereum Price Analysis: ETH/USD looks to the heavens
|- Ethereum is trading like a rocket on Wednesday up around 10.88%.
- The price will be heading to some key resistance levels outlined on the chart.
ETH/USD Daily Chart
Ethereum is steaming ahead today as crypto sentiment skyrockets again.
The ETH/USD pair is trading over 10% higher and could now hit some important resistance zones.
272.00 has provided some support in the past and therefore could act like a resistance area this time out.
Beyond that closer to 360.00 is the next target and if this momentum keeps up it might just get there.
The interesting thing is the fact that the volume is backing this move as you can see from the volume indicator at the bottom.
When the market pushes we normally hope that the volume rises too for confirmation and this is definitely the case.
 (1)-637171238364207376.png){kind=link}
Additional Levels
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.