Many believe ETH should be priced much higher that what it is right now. After all while BTC was at $20000 ATH, ETH was about $ 1200. Now BTC is almost half that price but ETH is about 20% of it ATH.
- ETH price has support above the $205, but struggles to break higher resistants
- The price is facing a few key resistances near the $212 and $215 levels.
- The pair could either rally above the $215 resistance or it might soon retest the $200 support level.
The price topped near the $215 level and recently corrected gains. It broke the $210 level plus the 23.6% Fib retracement level of the recent recovery from the $197 low to $215 high. However, the declined was protected by the $205 support level. Moreover, the 50% Fib retracement level of the recent recovery from the $197 low to $215 high acted as a decent support zone.
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