TA: Ethereum Close Above $470 Could Spark Larger Rally To $500

TA: Ethereum Close Above $470 Could Spark Larger Rally To $500


Ethereum is showing positive signs above the $455 support against the US Dollar. ETH price is likely to surge towards $500 if there is a clear break above $500.

Ethereum is slowly gaining pace above the $450 and $460 levels. The price is currently trading nicely above the $460 level the 100 hourly simple moving average. There is a major bullish trend line forming with support near $455 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate higher if there is a proper close above the $470 resistance. Ethereum Price is Approaching Breakout

Ethereum remained well bid above the $450 and $455 support levels. ETH price even broke the $460 resistance level and settled well above the 100 hourly simple moving average.

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However, the price seems to be facing hurdles near the $468 and $470 levels. A swing high was formed near $468 and the price is currently consolidating gains. An initial support is

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