Ethereum gained over 5% and broke the $3,250 resistance against the US Dollar. ETH price is rising and could accelerate higher above $3,350.
Ethereum Price Eyes More Upsides
Ethereum formed a base above the $3,050 support zone. ETH started another increase and cleared the $3,150 resistance.
There was also a clear move above the $3,250 level and the price settled above the 100 hourly simple moving average. It traded to a new multi-week high at $3,340 and is currently consolidating gains. It is trading above the 23.6% Fib retracement level of the recent wave from the $3,130 swing low to $3,340 high.
Besides, there is a crucial bullish trend line forming with support near $3,160 on the ..
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