Ethereum Price Sets Sights on Upside Break: Indicators Turn Green

Jul 11, 2024 04:00 am Cryptocurrency 61

Ethereum price is moving higher above the $3,080 resistance zone. ETH could gain bullish momentum if there is a close above the $3,150 resistance.

Ethereum is slowly moving higher above the $3,050 level.

The price is trading above $3,050 and the 100-hourly Simple Moving Average.

There was a break above a short-term bullish flag with resistance near $3,090 on the hourly chart of ETH/USD (data feed via Kraken).

The pair could gain bullish momentum if there is a close above the $3,150 resistance zone.

Ethereum Price Could Extend Gains Above $3,150

Ethereum price extended its recovery wave above the $3,000 resistance zone. ETH even climbed above the $3,050 resistance. There was a break above a short-term bullish flag with resistance near $3,090 on the hourly chart of ETH/USD.

The pair even spiked above the $3,110 resistance, outperforming Bitcoin. It tested ..

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