Price analysis 11/30: BTC, ETH, XRP, BCH, LINK, LTC, ADA, DOT, BNB, XLM
If the bulls can push the price above $625, the ETH/USD pair could start its journey towards the next major resistance at $800. Today, the bulls pushed the price above the resistance but failed to sustain the higher levels.
If the price turns down from the overhead resistance, it will suggest that the bulls who are stuck at higher levels are bailing out of their positions. Chainlink (LINK) bounced off the 50-day simple moving average ($12.25) on Nov. 26 and 27 and the bulls have pushed the price back above the overhead resistance at $13.28.