Ethereum Price Holds Ground And Sees Fresh Rally, Bulls Are Not Done Yet

Ethereum Price Holds Ground And Sees Fresh Rally, Bulls Are Not Done Yet


Ethereum corrected lower sharply and tested $1,500 against the US Dollar. ETH started a fresh increase and is now trading above the $1,600 pivot level.

Ethereum is gaining pace above the $1,580 and $1,600 levels. The price is now trading above $1,600 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,615 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise further if it stays above the $1,600 and $1,580 support levels. Ethereum Price Restarts Increase

Ethereum price started a sharp downside correction below the $1,600 level. ETH even declined below the $1,550 support zone and the 100 hourly simple moving average.

Trending: MASSIVE DUMP OF PIZZAGATE & PEDOGATE VIDEOS

However, the bulls were active

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend