Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• ETH crossed above a trendline resistance. 
• Longs encouraged; OI wavered near $6 billion. 

Ethereum [ETH] posted mixed results over the past week. It rallied between Monday and Tuesday (22/23 May), hitting $1873, before reversing the two-day gains on Wednesday (24 May). 

Is your portfolio green? Check out the ETH Profit Calculator

However, the Wednesday losses were reversed towards the weekend (27/28 May), as ETH posted an overall 1.5% gain on a weekly basis as of press time. 

In the meantime, Bitcoin [BTC] held its ground and reclaimed the $27k mark after a massive options expiry on 26 May and an ongoing US debt ceiling. Will May end on a bullish note?

Is a bullish breakout likely?

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Author: Suzuki Shillsalot

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