Ethereum Price Consolidates Losses, Why 100 SMA Could Trigger Rally
Ethereum started a recovery wave above the $1,200 level against the US Dollar. ETH must clear $1,320 and the 100 hourly SMA to start a sustained upward move. Ethereum started a recovery wave above the $1,200 and $1,220 levels. The price is now trading below $1,300 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,210 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now struggling to clear the $1,320 resistance and the 100 hourly simple moving average. Ethereum Price Faces Key Resistance Ethereum declined....
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