TA: Ethereum Looks Ready For Another Leg Higher Unless It Dives Below $365

TA: Ethereum Looks Ready For Another Leg Higher Unless It Dives Below $365


Ethereum failed to clear the $388 resistance zone against the US Dollar. ETH price is currently holding the $365 support and it could resume its upward move.

Ethereum corrected lower below the $380 and $375 support levels. The price is currently just above the 100 hourly simple moving average, and well above $365. There was a break below a short-term rising channel with support near $378 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase unless it dives below the $370 and $365 support levels. Ethereum Price Holding Gains

There was another attempt by Ethereum to surpass the $385 and $388 resistance levels, but it failed to gain momentum. ETH price traded as high as $388 and recently declined below the $380 support.

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There was also a break below a short-term rising channel with support near $378 on the hourly chart of ETH/USD. Ether price spiked below the $375 level and

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