Ethereum price is attempting a fresh increase above $1,720 against the US Dollar. ETH could accelerate higher if it clears the $1,750 resistance.
Ethereum is attempting a fresh increase above the $1,720 level.
The price is trading above $1,700 and the 100-hourly Simple Moving Average.
There is a connecting trend line forming with resistance near $1,750 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to rise if it clears the $1,750 resistance zone.
Ethereum Price Gains Traction
Ethereum’s price settled above the $1,650 level. ETH formed a base above $1,650 and recently started a decent increase above the $1,700 level, like Bitcoin.
There was a move above the $1,720 resistance level and the price tested the $1,750 zone. A high was formed near $1,756 and there was a minor downside correction. The price declined below the $1,735 level. However, it is still above the 50% Fib retracement level of the recent rally from the $1,668 swing low to the $1,756 high.
We współpracy z: https://www.newsbtc.com/analysis/eth/ethereum-price-increase-1750/
