TA: Ethereum Rallies 8%, Why BTC Could Surge Above $1,300

TA: Ethereum Rallies 8%, Why BTC Could Surge Above $1,300

Ethereum gained pace and cleared the $1,200 zone against the US Dollar. ETH is up 8% and might continue to climb higher towards $1,300 or $1,320. Ethereum extended gains and climbed above the $1,200 resistance zone. The price is now trading above $1,200 and the 100 hourly simple moving average. There is a crucial bullish trend line forming with support near $1,210 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it stays above the key $1,200 support zone. Ethereum Price Gains Momentum Ethereum remained well supported above the $1,120 level. The....


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