Ethereum Price Anticipates Upside Break To Shift Sentiment Towards Bullish

Ethereum Price Anticipates Upside Break To Shift Sentiment Towards Bullish


Ethereum price is eyeing an upside break above the $2,900 level. ETH must settle above $2,900 and $2,940 to continue higher in the near term.

Ethereum is forming a base above the $2,860 support zone. The price is trading below $2,950 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,905 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if there is a close above the $2,940 and $2,950 resistance levels. Ethereum Price Eyes Fresh Increase

Ethereum price struggled to settle above the $3,000 level and started another decline, like Bitcoin. ETH traded below the $2,950 and $2,940 support levels.

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The price even traded below $2,900.

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