Ethereum price is gaining pace above the $3,120 resistance zone. ETH could continue to move up unless there is a daily close below the $3,030 level.
Ethereum extended its increase above the $3,150 resistance zone.
The price is trading above $3,150 and the 100-hourly Simple Moving Average.
There is a connecting bullish trend line forming with support at $3,160 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to move up unless the bears push it below the $3,030 zone.
Ethereum Price Extends Increase
Ethereum price started a recovery wave and was able to clear the $3,000 resistance, like Bitcoin. ETH even climbed above the $3,050 and $3,120 resistance levels to move into a positive zone.
It traded to a new weekly high at $3,234 and is currently consolidating gains. There was a minor decline below the $3,200 level. Ether dipped below the 23.6% Fib retracement level of the recent increase from the $3,120 swing low to the $3,234 high.
Ethereum is now
We współpracy z: https://www.newsbtc.com/analysis/eth/ethereum-price-reversal-3400/
