ETH/USD Forecast: Ethereum Stabilizes Amid Uncertainty

  • Ethereum markets rallied ever so slightly during the day, gaining 2%.
  • The market has recently seen a lot of choppy noise in this area, and I think that will probably continue to be the case as we are trying to break out, but do not have a catalyst at this point.
  • The $1800 level above is significant resistance that extends to the $2000 level, so breaking through all that is the goal by the bullish traders out there, but I don’t necessarily think that they have the momentum, at least not at the moment.

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