Ethereum To Match Bitcoin’s Strength and Surge? Indicators Turn Green

Jul 29, 2024 04:00 am Cryptocurrency 56

Ethereum price started a decent upward move from the $3,080 support zone. ETH is recovering and might aim for a test of the $3,500 resistance zone.

Ethereum is showing positive signs from the $3,150 pivot zone.

The price is trading above $3,250 and the 100-hourly Simple Moving Average.

There was a break above a key bearish trend line with resistance at $3,280 on the hourly chart of ETH/USD (data feed via Kraken).

The pair could continue to move up if it stays above the $3,280 support zone.

Ethereum Price Eyes Steady Increase To $3,500

Ethereum price formed a base above the $3,080 support zone. A low is formed at $3,087 and the price started a decent increase above the $3,220 resistance zone, but lagged strength like Bitcoin.

There was a break above a key bearish trend line with resistance at $3,280 on the hourly chart of ETH/USD. The pair was able to clear the 50% ..

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