Ethereum price is slowly moving higher above $1,600 against the US Dollar. ETH could gain bullish momentum unless there is a nasty drop below $1,550.
Ethereum is showing a few positive signs for a move above the $1,650 resistance. The price is trading above $1,600 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance near $1,610 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if there is a close above $1,650 and $1,670. Ethereum Price Shows Bullish Signs
Ethereum’s price remained well-supported above the $1,550 level. ETH climbed higher slowly above the $1,580 and $1,600 resistance levels, like Bitcoin.
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