Ethereum Price Recovery Trails Behind Bitcoin’s Surge in Crypto Rebound

Ethereum Price Recovery Trails Behind Bitcoin’s Surge in Crypto Rebound


Ethereum price recovered above the $2,920 resistance. ETH is trailing Bitcoin and might struggle to continue higher above the $3,050 resistance.

Ethereum started a recovery wave and even climbed above $3,000. The price is trading above $2,950 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,900 on the hourly chart of ETH/USD (data feed via Kraken). The pair could now struggle to clear the $3,040 and $3,050 resistance levels. Ethereum Price Recovers Nearly 5%

Ethereum price remained stable above the $2,860 support zone and started a fresh increase. ETH gained nearly 5% but less than Bitcoin. There was a break above a key bearish trend line with resistance at $2,900 on the

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