TA: Ethereum Rally Gathers Pace, Why Uptrend Isn’t Over Yet

TA: Ethereum Rally Gathers Pace, Why Uptrend Isn’t Over Yet

Ethereum started a fresh rally above the $4,200 resistance against the US Dollar. ETH broke the $4,350 level and it could continue to rise in the near term. Ethereum started a fresh increase above the $4,200 and $4,300 resistance levels. The price is now trading above $4,300 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $4,250 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $4,250 support zone. Ethereum Price Eyes Fresh Increase Ethereum gained pace above the $4,250....


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