ETH/USD Encounters Resistance at 2279: Sally Ho’s Technical Analysis 20 June 2021 ETH

Ethereum (ETH/USD) extended recent weakness early in today’s Asian session as the pair depreciated to the 2227.97 level after trading as high as the 2279 area during the European session, with the interday high representing a test of the 50-hour simple moving average.  Traders observe ETH/USD traded as low as the 2170 area during yesterday’s Asian session, just above the recent low of 2125.12.