Ethereum Price Indicators Flash Green: More Upsides Ahead?

Jun 6, 2024 04:01 am Cryptocurrency 242

Ethereum price is slowly moving higher above the $3,800 resistance zone. ETH could gain bullish momentum if it clears the $3,880 and $3,920 resistance levels.

Ethereum is holding gains above the $3,800 level.

The price is trading above $3,840 and the 100-hourly Simple Moving Average.

There is a key bullish trend line forming with support near $3,840 on the hourly chart of ETH/USD (data feed via Kraken).

The pair could start a fresh increase unless there is a close below the $3,800 support.

Ethereum Price Eyes More Upsides

Ethereum price remained stable above the $3,760 support zone. ETH formed a base and started another increase above the $3,800 level like Bitcoin.

There was a move above the $3,820 level and $3,840. The price tested the $3,880 resistance zone. A high was formed at $3,884 and the price is now consolidating gains in a ..

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