$ETH - Rejected Once Again 👎
Ethereum has been rejected on its long term resistance once again. The resistance line goes back to its latest high in March.
Moreover, this level has become a major level to break before any stronger upward trend can be expected.
On the other side, Ethereum has tested the local bottom several times successfully.
When looking at the technical indicators we have an indecisive picture too. Most momentum indicators are neutral. However, at least the MACD has turned bullish.
Therefore, a breakout (to the top or bottom) is becoming more likely every day.
