ETH/USD has created a solid higher momentum the past day, and is now within sight of important psychological resistance levels.
After starting yesterday near crucial support levels, Ethereum has seemingly turned the tide and created a solid movement upwards and it is around the 2915.00 ratio as of this writing. The broad cryptocurrency market has also seen a rally which may help raise the prospects for speculators who have bullish tendencies.
The sudden bounce higher yesterday happened in a quick manner and intriguingly the velocity of the gains were encouraging as resistance levels were brushed aside with a rapid pace If a speculator believes the current move upwards has been overdone, and perhaps is even a false rally, they may be inclined to sell ETH/USD if it struggles to challenge existing short term resistance levels.
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