Ethereum Price Holds Ground – Indicators Suggest Fresh Surge To $2,120

Ethereum price corrected lower and tested the $1,935 support. ETH is likely forming a double-bottom and might start a decent increase.

Ethereum reacted to the downside and tested the $1,935 support. The price is trading below $2,020 and the 100-hourly Simple Moving Average. There was a break below a key contracting triangle with support near $2,025 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely forming a double-bottom pattern and might outperform Bitcoin. Ethereum Price Revisit $1,935

After facing rejection near the $2,090 zone, Ethereum price reacted to the downside. ETH traded below the $2,050 and $2,020 support level to enter a short-term bearish zone, like Bitcoin.

There was also a break below a key contracting triangle with

Continue reading