Ethereum Targets $3,320: Bulls Eye Recovery with Base Formation

Ethereum Targets $3,320: Bulls Eye Recovery with Base Formation


Ethereum price seems to be forming a base above the $2,820 level. ETH could break the $3,160 resistance and rise toward the $3,320 resistance.

Ethereum is consolidating losses above the $2,880 level. The price is trading above $3,000 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance near $2,960 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if there is a close above the $3,160 resistance. Ethereum Price Eyes More Upsides

Ethereum price retested the $2,820 support zone. ETH seems to be forming a base above $2,820 and recently started a consolidation phase, like Bitcoin. There was a recovery wave above the $2,880 and $2,920 resistance

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