Buyers tried to hold the $1,500 support

15 Feb 2023

As buyers tried to hold the $1,500 support in Ethereum, this support increased yesterday, and the economic news helped to create a positive swing in the market. Of course, the news wasn't encouraging, and with annual inflation coming in higher than previously forecast, it's not good for financial markets in general. But in the short term, it has caused a positive fluctuation in the market. Ethereum broke the $1,540-$1,550 resistance range, and if it consolidates above this level, it could continue its short-term upside move to the next target in the $1,600 range. Note that the general trend of Ethereum is between the support of $1,500 and the resistance of $1,700.

16 Feb 2023

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