Ethereum (ETH) bulls are resilient as they continue to push towards the $250 region. Despite the recent breakdown, it has made a swift recovery from its previous lows.
The breaking of the $250 resistance is the most important aspect of the uptrend. At the time of writing, buyers are struggling to break above the resistance.
Notwithstanding the recent breakdown, the upside range for the Bitcoin (BTC) price is still on hold as bulls continue to retest the $10,000 overhead resistance.
Surprisingly, Bitcoin had a sudden breakdown after smashing the $10,000 overhead resistance. Buyers have already pushed Bitcoin to a high of $10,398 but the uptrend could not continue because the market reached an overbought region.