Ethereum is holding the key $1,150 support against the US Dollar. ETH is rising and might even clear the $1,250 resistance zone in the near term.
Ethereum corrected lower, but the bulls were active near $1,150.
The price is now trading above $1,180 and the 100 hourly simple moving average.
There is a key bearish trend line forming with resistance near $1,195 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could rise steadily if it clears the $1,200 and $1,230 resistance levels.
Ethereum Price Eyes Fresh Increase
Ethereum price started a downside correction from the $1,230 resistance. ETH declined below the $1,200 support zone and the 100 hourly simple moving average, similar to bitcoin.
However, the bulls were active near the $1,150 zone. A low was formed near $1,150 and the price started another decent increase. Ether price was able to clear the $1,165 and $1,180 resistance levels. There was a clear move above the 23.6% Fib retracement level of the recent decline from
We współpracy z: https://newsbtc.com/analysis/eth/ethereum-price-recovery-1250/
