TA: Ethereum Reclaims $3K, Can The Bulls Clear This Key Hurdle

TA: Ethereum Reclaims $3K, Can The Bulls Clear This Key Hurdle


Ethereum started a strong recovery from $2,800 against the US Dollar. ETH is back above $3,000 and eyes a major increase above the $3,035 resistance.

Ethereum started a major recovery wave above $2,900 and $2,950. The price is now trading above $2,950 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $2,950 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $2,980 support to accelerate further higher above $3,035. Ethereum Price Dives

Ethereum extended decline below the $2,850 support zone. However, ETH found a strong buying interest near the $2,800 level. A low was formed near $2,800 and the price started a strong upward move.

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