TA: Ethereum Breaking This Resistance Could Spark a Significant Surge

TA: Ethereum Breaking This Resistance Could Spark a Significant Surge


Ethereum corrected lower below $3,500 against the US Dollar. ETH price remained supported and it is now eyeing a key upside break above the $3,650 resistance.

Ethereum started a fresh increase above the $3,500 resistance level. The price is now trading above $3,550 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $3,560 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum once there is a clear break above $3,640 and $3,650. Ethereum Price Eyes Key Upside Break

Ethereum started a downside correction from the $3,634 swing high. ETH traded below the $3,550 support level and the 100 hourly simple moving average.

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However, the price

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