Ethereum Price Recovery Could Soon Fade If ETH Fails To Surpass $1,300

Ethereum Price Recovery Could Soon Fade If ETH Fails To Surpass $1,300


Ethereum is consolidating losses above the $1,200 support against the US Dollar. ETH could start a steady increase if there is a clear move above the $1,300 resistance.

Ethereum is facing resistance near the $1,240 and $1,250 levels. The price is now trading below $1,240 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,240 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if there is a clear move above $1,240 and $1,300. Ethereum Price Consolidates

Ethereum price declined from the $1,300 resistance zone but it remained well supported near $1,200, similar to bitcoin. ETH formed a base and recently started a fresh increase above

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