Ethereum requires a bullish breakout on the daily resistance

2 Jul 2023

Ethereum experienced a significant upward move after a bearish phase, but it is currently consolidating below the daily resistance level. If Ethereum fails to surpass this level, it may retest a lower support around $1750. However, considering the recent momentum, there is an increased possibility of a bullish sentiment resurfacing, which could result in a breakthrough above the highlighted resistance level.