Ethereum Price Recovers But Bears Are Not Out Of The Woods Yet

Ethereum Price Recovers But Bears Are Not Out Of The Woods Yet


Ethereum started a decent recovery wave above $1,150 against the US Dollar. ETH is now approaching a major hurdle near $1,230 and $1,250.

Ethereum started an upside correction above the $1,120 and $1,150 resistance levels. The price is now trading above $1,150 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,190 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise further towards $1,230, but the bears might take a strong stand. Ethereum Price Faces Hurdle

Ethereum price formed a base above the $1,070 level and started a recovery wave, similar to bitcoin. ETH slowly moved higher and was able to clear the $1,150 resistance zone.

Trending: If You See This on Your Car’s Windshield, Run and Call the Police

The bulls pushed

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