TA: Ethereum Eyes Fresh Surge As It Holds Key Uptrend Support

TA: Ethereum Eyes Fresh Surge As It Holds Key Uptrend Support


Ethereum remained well bid 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 $1,580 and started a fresh increase. The price is now trading above $1,630 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,640 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 $1,670 and $1,680. Ethereum Price Eyes Upside Break

Ethereum started another decline below the $1,650 level. ETH even traded below the $1,600 support zone but downsides were limited. The price remained in

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