Ethereum Price Maintains Key Support — Is a Breakout Rally Brewing?

Ethereum Price Maintains Key Support — Is a Breakout Rally Brewing?


Ethereum price found support at $2,350 and started a fresh increase. ETH is now rising and might aim for a move above the $2,580 resistance zone.

Ethereum started a decent increase above the $2,480 and $2,500 levels. The price is trading above $2,520 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,500 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain strength if it clears the $2,585 resistance in the near term. Ethereum Price Aims Higher

Ethereum price started a downside correction below the $2,500 level, unlike Bitcoin. ETH traded below the $2,480 and $2,460 support levels. However, the bulls were active near the $2,450 zone.

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A low was

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