TA: Ethereum Prints Bullish Break: Why ETH Could Surge Above $1,200

TA: Ethereum Prints Bullish Break: Why ETH Could Surge Above $1,200


Ethereum started a fresh increase above $1,050 against the US Dollar. ETH price is showing positive signs and it is likely to continue higher towards the $1,200 and $1,250 levels.

Ethereum started a fresh upward move above the $1,020 and $1,050 resistance. The price is now trading well above $1,100 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,110 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue higher if it settles above the $1,135 and $1,150 resistance levels. Ethereum Price Eyes Fresh All-Time High

After a downside correction, Ethereum formed a support base near $980 and $1,000. As a result, ETH started a fresh increase and broke the $1,020 and $1,050 resistance levels.

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The price gained pace and climbed nicely above the $1,100 level. There was a break above the 76.4% Fib retracement level of the downward

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