TA: Ethereum Steadies Above $3K, Why Upsides Could be Capped
Ethereum is attempting an upside correction above $3,000 against the US Dollar. ETH price must clear $3,130 and the 100 hourly SMA to continue higher. Ethereum started an upside correction from the $2,950 zone. The price is still trading below $3,100 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $3,035 on the hourly chart of ETH/USD (data feed via Kraken). The pair could recover, but upsides might be capped near the $3,130 level. Ethereum Price Faces Hurdles Ethereum formed a base above the $2,950 level and started a fresh....
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