Ethereum Price Holds Bullish Bias, Upside Continuation in Focus
Ethereum price extended gains above $2,250 before it started a downside correction. ETH is now consolidating above $2,120 and might aim for a fresh increase. Ethereum started a decent upward move above the $2,220 zone. The price is trading above $2,180 and the 100-hourly Simple Moving Average. There is a declining channel forming with resistance at $2,225 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,140 zone. Ethereum Price Holds Uptrend Support Ethereum price remained stable above $2,165 and started a decent upward....
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Ethereum has the potential to extend its ongoing upside move towards or above $1,500. The second-largest cryptocurrency broke above a consolidation price channel on Wednesday, breaking its upper trendline on surging volumes. So it appears, the channel is an Ascending Triangle that traders perceive as a bullish continuation indicator. An Ascending Triangle structure develops when […]
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