Ether price analysis

( ETH )USD turned down from the resistance line on May 22, but the bulls did not allow the price to dip below the 20-day EMA ($3,748).

The bulls will again attempt to shove the price above the resistance line. If they do that, it will signal a potential trend change in the near term. The

$ETH USDT

pair could rally to $3,400 and thereafter to the overhead resistance at $3,750.

If bears want to maintain their hold, they will have to pull the price below the 20-day EMA and sink the pair below the critical support at $2,850. The pair could then collapse to the channel’s support line.

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