Ethereum Price Could Resume Uptrend If It Clears This Barrier

[Google News Bot]

Ethereum remained well bid above the $1,550 zone against the US Dollar. ETH could start a fresh increase if it clears the $1,625 resistance zone. Ethereum is stable and is showing positive signs above the $1,550 support zone. The price is now trading above $1,560 and the 100 hourly simple moving average. There is a major contracting triangle forming with resistance near $1,620 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,620 and $1,625 levels. Ethereum Price Eyes Fresh Increase Ethereum started a downside correction after it ...

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