Ethereum price started a fresh increase and remained stable above $2,355. ETH is now consolidating and might aim for more gains if it clears $2,400.
Ethereum started a steady increase above the $2,365 zone. The price is trading above $2,350 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $2,350 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it stays above the $2,300 zone. Ethereum Price Looks To Claim $2,400
Ethereum price managed to stay above the $2,320 support and started a fresh increase, like Bitcoin. ETH price gained pace for a move above $2,340 and $2,350.
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The price even climbed toward $2,380. A high was formed at $2,398, and the price is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the upward move
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