The Price Action is Positive in Ethereum's Consolidation
hive-167922·@scaredycatguide·
0.000 HBDThe Price Action is Positive in Ethereum's Consolidation
It isn't news that the price of ethereum has been consolidating beneath the 625 resistance level. However, it is the price action of that consolidation I am paying attention too. ### Highs and Lows Improving...  Just looking at this daily chart you can see we just got a higher low (marked by the yellow line) after price tested 625 for the second time (all though the second attempt gave it a double tap). The name of the game is higher highs and higher lows. It is essentially what we are seeing with ethereum, even if its not all that clean. The real question is after creating this last little pivot low, will price follow through to create a higher high? In order to do so ethereum will need to finally breach 625 and close above there. We are about to find out whether price action is truly bullish or not. A move above 625 open up alot of real estate on the chart and 825 is the next true upside, with maybe 715 having a little something to say first. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@scaredycatguide/the-price-action-is-positive-in-ethereum-s-consolidation)
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