Mounting Resistance Signals Ethereum Could Soon See Brutal Selloff

Bitcoin and the crypto market have been firmly caught in the throes of immense volatility over the past several days and weeks, with Bitcoin’s sharp swings leading altcoins like Ethereum to follow suit and incur some notable volatility.

Ethereum, which recently experienced a strong upswing, has erased a portion of these recent gains, and is now entering what appears to be a bout of sideways trading.

One analyst is noting that ETH was able to tap its key high-time-frame resistance at $150 in the course of its recent rally, with its firm rejection here being a grave sign of what’s to come next.