TA: Ethereum Smashes Heavy Resistance: Next Bullish Levels Traders Should Watch
Ethereum gained bullish momentum for a move above $1,625 against the US Dollar. ETH is now showing positive signs and might soon test the $1,700 zone. Ethereum is up close to 5% and there was a clear move above the $1,625 resistance. The price is now trading above $1,600 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $1,580 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it stays above $1,600 or $1,580. Ethereum Price Beats Bitcoin Ethereum started a steady increase from the $1,535 support....
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