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Ether still finding resistance above 3,760

31 Dec, 2021

Yesterday afternoon the price of Ether did manage to rebound above the noted 3,760 level. It rose to as high as 3,769, but it did not sustain that move and then fell back to below 3,700 at the start of the Asian session today. The low point seen earlier was set at 3,683. The high in Asia subsequent to that low was set at 3761.65 not that long ago. So, it did rebound again, but once more it seems to be running into sellers at, or just above this price point. Therefore, the observations about this price point remain basically unchanged again this morning. However, the immediate chart configuration suggests it might be gearing up for another go at making a more pronounced move above 3,760 once more. ETHUSD is currently trading at 3,747

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