Ethereum’s (ETH) performance went above and beyond so far, even taking the lead over its counterpart, Bitcoin, according to digital currency price analysis publication CryptoPotato.
ETH has a 23.4% price surge over the past week as it reached $410, achieving a fresh 2-year high, which hasn’t happened since 2018.
Likewise, ETH is also performing significantly well against Bitcoin as it managed to push through the 0.0328 resistance at the start of the month and is currently planning to break the 0.035 BTC resistance.
If bulls go continuously well above the $400 level, the article predicted that the ETH-USD short term price reaches its first level of resistance at $408 and above at $350, $321 (.5 Fib Retracement), and $300 (.618 Fib Retracement).
Otherwise, the first level of strong support lies at $370 with (.236 Fib Retracement), and the added support is found at $350, $321 (.5 Fib Retracement), and $300 (.618 Fib Retracement).
For ETH-BTC short term pricing, it’s expected that the first level of resistance will be at 0.0356 BTC (1.414 Fib Extension) if the bulls do break 0.035 BTC, followed by 0.0361 BTC, 0.0367 BTC, and 0.0371 BTC (1.618 Fib Extension).
If the sellers pushed lower, the first level of support may lie at 0.0337 BTC. Any lower the support is found at 0.0317 BTC (.236 Fib Retracement), 0.031 BTC, and 0.0296 BTC (.382 Fib Retracement).