TA: Ethereum Gains Momentum, Dips Turn Attractive In Near-Term

TA: Ethereum Gains Momentum, Dips Turn Attractive In Near-Term


Ethereum gained pace above the $4,350 resistance against the US Dollar. ETH could accelerate higher if there is a clear break above the $4,550 resistance zone.

Ethereum is trading in a bullish zone above the $4,350 level. The price is now well above $4,250 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $4,360 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue higher if it stays above the $4,350 support level in the near term. Ethereum Price Extends Gains

Ethereum extended increase above the $4,350 resistance level. ETH price even broke the $4,440 level and settled well above the 100 hourly simple moving average.

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There was a steady

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