Ethereum (ETH) Price Analysis for May 28
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Bulls are holding the gained initiative, according to CoinMarketCap's ranking.
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ETH/USD
Ethereum (ETH) has gained less than Bitcoin (BTC), going up by 0.93%.
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The last day of the week has started with a price blast for Ethereum (ETH). At the moment, one should pay attention to the recently formed resistance at $1,860.
If closure happens near it, there is a chance to see a breakout followed by a further rise to the $1,880 zone.
On the daily time frame, the price of Ethereum (ETH) keeps trading sideways, accumulating power for a further sharp move. A continued rise is only possible if the candle fixes above the important zone of $1,880.
On the bigger chart, the price has consolidated above the support level at $1,737. If the situation does not change by the end of the day, one can expect a test of the $2,000 mark by mid-June.
Ethereum is trading at $1,844 at press time.
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