TA: Ethereum Consolidate Gains, Why This Support Is The Key

TA: Ethereum Consolidate Gains, Why This Support Is The Key


Ethereum extended its increase above the $1,720 level against the US Dollar. ETH is now consolidating above the key $1,670 support zone.

Ethereum remained in a positive zone but struggled near the $1,785 resistance zone. The price is now trading above $1,650 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $1,710 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a downside correction if there is a close below $1,670 and $1,650. Ethereum Price Holds Key Support

Ethereum remained in a positive zone above the $1,600 level. ETH even extended its increase above the $1,670 and $1,700 levels.

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It climbed above the $1,750 but there was

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