TA: Ethereum Eyes Fresh Rally If It Clears This Key Breakout Zone

TA: Ethereum Eyes Fresh Rally If It Clears This Key Breakout Zone


Ethereum remained supported above the $1,550 zone against the US Dollar. ETH is rising and might gain pace if there is a clear move above the $1,670 level.

Ethereum found support near $1,560 and started a fresh increase. The price is now trading above $1,620 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $1,660 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh rally if there is a clear move above $1,660 and $1,670. Ethereum Price Remains Supported

Ethereum extended its decline below the $1,650 level. ETH even traded below the $1,600 support zone to move into a short-term bearish zone.

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However, the bulls were active

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