TA: Ethereum Recovery Runs Into Resistance, Why Dips Could be Limited
Ethereum found a strong support near the $2,300 zone against the US Dollar. ETH price is rising and might rally if it clears the $2,750 resistance zone. Ethereum started a major recovery wave from the $2,300 support zone. The price is now trading above $2,500 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $2,520 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if there is a clear move above the $2,750 resistance zone. Ethereum Price Starts Fresh Increase Ethereum declined heavily below the $2,600....
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