Ethereum price is eyeing an upside break above $1,650 against the US Dollar. ETH could gain bullish momentum if it clears $1,650 and $1,670 in the near term.
Ethereum is slowly moving higher above the $1,620 support zone.
The price is trading above $1,640 and the 100-hourly Simple Moving Average.
There is a key bullish trend line forming with support near $1,625 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a decent increase if there is a close above the $1,650 and $1,670 resistance levels.
Ethereum Price Eyes Upside Break
Ethereum’s price remained stable above the $1,620 support zone. ETH formed a base and made another attempt to clear the $1,650 resistance, like Bitcoin.
There was a spike above the $1,650 resistance zone but the bulls struggled near the next hurdle at $1,670. A high was formed near $1,669 before the price trimmed gains. It traded below the $1,650 level. The bears pushed it below the 50% Fib retracement level of the upward move from the
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