Ethereum had a mini-crash over the weekend along with other cryptos, but there’s been very little follow through to the downside.
The first thing jumping off the ETHUSD chart is the low just below $2,000 on Saturday night. Prices held that level and have been working higher since. That’s a sign that more buyers could be lurking below $2,000 than potential sellers.
The level was also important because it was near the February peak. Is old resistance turning into new support?