Ethereum Price Teases a Breakout—Can This Spark a Momentum Shift

Ethereum Price Teases a Breakout—Can This Spark a Momentum Shift

Ethereum price started a recovery wave above the $1,880 zone. ETH is now consolidating and facing hurdles near the $2,020 resistance.


  • Ethereum started a recovery wave above the $1,920 level.

  • The price is trading below $1,950 and the 100-hourly Simple Moving Average.

  • There is a short-term rising channel forming with support at $1,980 on the hourly chart of ETH/USD (data feed via Kraken).

  • The pair must clear the $2,020 and $2,040 resistance levels to start a decent increase.

  • Ethereum Price Faces Resistance


    Ethereum price formed a base above the $1,820 level and started a recovery wave, like Bitcoin. ETH was able to clear the $1,880 and $1,920 resistance levels.


    The bulls pushed the price above the $1,950 level. There was a move above the 50% Fib retracement level of the downward wave from the $2,068 swing high to the $1,936 low. However, the bears seem to be active near the $2,020 resistance zone.


    Ethereum price is now ..

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