TA: Ethereum Recovery Could Gain Pace If It Clears This Resistance

TA: Ethereum Recovery Could Gain Pace If It Clears This Resistance


Ethereum dived towards the $880 support against the US Dollar. ETH is recovering and eyeing an upside break above the $1,150 resistance zone.

Ethereum started a decent recovery wave from the $880 support zone. The price is now trading above $1,000 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $980 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if it clears the key $1,150 resistance zone. Ethereum Price Faces Hurdles

Ethereum remained in a bearish zone below the $1,050 level. ETH extended losses and traded below the $1,000 support. There was a sharp decline below the $950 level.

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The price tested the

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