Ethereum price started a decent increase after Bitcoin gained momentum against the US dollar. ETH is rising and might test the key $1,750 resistance.
Ethereum started a decent increase above the $1,650 resistance.
The price is trading above $1,660 and the 100-hourly Simple Moving Average.
There is a key bullish trend line forming with support near $1,645 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could climb further higher, but it might face strong resistance near $1,750.
Ethereum Price Reclaims $1,650
Ethereum stayed above the $1,550 support zone. The recent pump in Bitcoin above the $28,500 resistance sparked bullish moves in ETH. There was a steady increase above the $1,600 and $1,620 resistance levels.
The price even cleared the key $1,650 resistance zone. A high is formed near $1,700 and the price is now consolidating gains. It is trading well above the 23.6% Fib retracement level of the upward move from the $1,620 swing low to the $1,700 high.
Ethereum is now
We współpracy z: https://www.newsbtc.com/analysis/eth/ethereum-dragged-higher-by-bitcoin-1700/
