Ethereum price is moving higher above the $3,120 resistance zone. ETH could start a fresh rally if it clears the $3,280 resistance zone.
Ethereum is recovering higher and approaching the $3,280 resistance zone.
The price is trading above $3,100 and the 100-hourly Simple Moving Average.
There was a break above two connecting bearish trend lines with resistance at $3,070 and $3,150 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could gain bullish momentum if it closes above the $3,250 zone.
Ethereum Price Regains Strength
Ethereum price formed a base above the $2,850 level and started a recovery wave, like Bitcoin. ETH cleared a few key hurdles near $3,000 to enter a positive zone.
There was a break above two connecting bearish trend lines with resistance at $3,070 and $3,150 on the hourly chart of ETH/USD. The pair surpassed the 50% Fib retracement level of the downward move from the $3,278 swing high to the $2,867 low.
Ethereum is now trading above $3,120
We współpracy z: https://www.newsbtc.com/analysis/eth/ethereum-price-buy-dip-3150/
