Ethereum settled nicely above $1,000 to start a fresh increase against the US Dollar. ETH price broke the $1,275 resistance to open the doors for a push towards $1,420.
ETH price gained pace after it broke the $1,000 resistance against the US Dollar. The price is up over 25%, and it is trading nicely above $1,300 and the 100 simple moving average (4-hours). There was a break above a key contracting triangle with resistance near $1,240 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is likely to continue higher towards $1,420 and $1,500 in the coming sessions. Ethereum’s Ether Starts Another Increase
This past week, bitcoin and ethereum saw a significant rally above $1,000 and $230,000 respectively against the US Dollar. ETH price even surpassed the $1,110 resistance zone and settled well above the 100 simple moving average (4-hours).
Ether price tested the $1,290 zone and recently started consolidating gains. There was a