Ethereum extended its rise above the $1,820 resistance against the US Dollar. ETH price is currently correcting lower from $1,860, but it might find bids near $1,780.
Ethereum extended its upward move above the $1,820 level and it even spiked above $1,850. The price is now well above the $1,780 support and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,755 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct lower, but the bulls are likely to remain active near $1,750. Ethereum Price Remains In Uptrend
Ethereum remained in a bullish zone above the $1,750 zone, similar to bitcoin. ETH broke the $1,800 and $1,820 resistance levels to move further into a positive zone.
The price even spiked above the $1,850 resistance and it settled nicely above the 100 hourly simple moving average. A high is formed near $1,863 and the price is