Ethereum price rally hit crucial resistance as institutional investors are in ‘wait and see’ mode

Ethereum price rally hit crucial resistance as institutional investors are in ‘wait and see’ mode

Market Analysis
February 22, 2023 by secret
87
[ad_1] Ether (ETH) fell short of a bullish breakout based on technical and on-chain analysis, suggesting that the consolidation below the $2,000 price level could continue in the medium term. At the same time, a lack of sellers and strong fundamentals will likely protect Ether from steep declines. Ether encounters resistance at long-term bullish reversal