Most cryptocurrencies are seen as signaling for a change in trend.
Ethereum with its latest project, will launch ‘Ethereum Scaler Arbitrum’ this week with developer support from Alchemy.
Read more about our launch and partnership here! Https: //t.co/k1FIAe9cft
- Arbitrum (@arbitrum) May 26, 2021
Examining the ETH/USDT price movement chart, it can be seen that it still failed to break the $ 3,000 level after jumping from the lowest level recorded around the price of $ 1,728.
If the price movement manages to pass the zone, the next level will test the SBR zone (support become resistance) around the price of $ 3,300 and then resume the uptrend.
Looking at the rise in the price of ETH, it looks like it is giving a benchmark to make a change and will test the all -time high (ATH) level that once reached $ 4,300.
On the other hand, if the decline continues, the price is likely to decline to the level of around $ 2,500 which is seen as a focus level to test before the expectation to make a rise again or continue to make a lower decline.
At the time of writing, Ethereum traded $ 2,770 making an increase of over 60% from the decline that occurred on May 23rd.
