Ethereum gained pace above the $1,500 resistance zone against the US Dollar. ETH is consolidating gains and might aim a fresh rally towards the $1,650 level.
Ethereum started a decent increase above the $1,500 and $1,520 resistance levels. The price is now trading above $1,520 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise further unless there is a downside correction below the $1,520 support. Ethereum Price Remains In Uptrend
Ethereum price started a strong increase above the $1,450 resistance. ETH was able to clear the $1,500 resistance zone to move further into a positive zone, similar to bitcoin