TA: Ethereum Rallies Above $3,200 But This Resistance Is The Key

TA: Ethereum Rallies Above $3,200 But This Resistance Is The Key


Ethereum started an upside correction above the $3,180 zone against the US Dollar. ETH price must clear the $3,250 to continue higher in the near term.

Ethereum started a decent increase above the $3,200 resistance zone. The price is trading above $3,200 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $3,190 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if there is a clear break above the $3,250 resistance zone. Ethereum Price Aims Upside Break

Ethereum started a decent increase above the $3,150 resistance zone. ETH even broke the $3,200 resistance zone and the 100 hourly simple moving average to move into a positive zone.

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