Ower line.
Afterward, the price surged to an all-time high of $1786 and is currently facing a significant resistance region at $1.7K. The buyers are trying to break out from this level, but it seems that the sellers have been able to defend it so far.
If Ethereum breaks above this barrier with strong momentum, then we can expect further upside action toward new highs in the coming days or weeks as long as there is no major bearish reversal pattern on lower timeframes such as 1Hr and 30Min charts.
