Ethereum (ETH) Defends $200 Resistance Turned Support, Price Likely To Surge Higher

Source: Digital Money Times, originally published on .

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Ethereum (ETH) Defends $ 200 Resistance Turned Support, Price Likely To Surge Higher

Ethereum (ETH) rallied like a raging bull to the surprise of many yesterday. This from a cryptocurrency that had seen red days one after another and exhibited extreme weakness was completely out of the blue. The price seems to have bottomed out around $ 172 and those waiting for $ 150 might have missed the train already. The chart above for ETH/USD shows that the previous resistance at $ 200 has now turned into a strong support.

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