Ethereum Price Clings to Support—Upside Break Could Trigger Rally

Ethereum Price Clings to Support—Upside Break Could Trigger Rally

Ethereum price started a increase from the $1,550 zone. ETH is now rising and might attempt to recover above the $1,650 resistance.


  • Ethereum started a fresh increase above the $1,580 and $1,600 levels.

  • The price is trading above $1,600 and the 100-hourly Simple Moving Average.

  • There was a break above a connecting bearish trend line with resistance at $1,590 on the hourly chart of ETH/USD (data feed via Kraken).

  • The pair could start a fresh increase if it clears the $1,650 resistance zone.

  • Ethereum Price Eyes Upside Break


    Ethereum price remained stable above the $1,500 level and started a fresh increase, like Bitcoin. ETH traded above the $1,550 and $1,600 levels to enter a short-term positive zone.


    There was a break above a connecting bearish trend line with resistance at $1,590 on the hourly chart of ETH/USD. The pair even cleared the $1,620 resistance. A high was formed at $1,644 and the price is stable above the 23.6% ..

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