ETH/USD who just broke out of a long term resistance.Short term resistance actually works as a barrier.
Ethereum, the second world largest cryptocurrency by market capitalisation broke out on the long term charts, which on the face of it should have resulted in further gains in the prices.
ETH/USD who went down about 0.3 percent at $468.60 trading in a narrow range of less than 2 percent on a low trading low volatility weekend trading day. On the daily chart, ETH who broke out of a desecnding trendline resistance earlier this week on Monday, but price action hasn't resulted into bigger gains.
On the hour chart, prices are facing resistance exactly where the price is. Unless bulls manage to cross past this resistance and sustain the breakout, this long term breakout too may fizzle out.