Ethereum's volatility range was between $1,713 and $1,680 yesterday, forming a doji candle well within its previous candle's range. In the 4-hour timeframe, Ethereum is still bullish, and after hitting minor support in the $1,627-$1,654 range, the price is again trying to form a higher ceiling.
The main resistance of Ethereum in the range of $1727 - $1808 is one of the strongest levels that Ethereum has not yet stabilized above this range after eight months.
Due to the economic situation and the negative news after that, the price above this level needed to be stabilized.
Also, this range is confirmed by the Smart Money indicator. The thing about this resistance is that if the number of collisions increases to this level, the probability of breaking it increases.
The main resistance of Ethereum in the range of $1727 - $1808 is one of the strongest levels that Ethereum has not yet stabilized above this range after eight months.
Due to the economic situation and the negative news after that, the price above this level needed to be stabilized.
Also, this range is confirmed by the Smart Money indicator. The thing about this resistance is that if the number of collisions increases to this level, the probability of breaking it increases.
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