Ethereum started another increase above the $1,620 resistance against the US Dollar. ETH is rising and might rally if it clears the $1,665 resistance zone.
Ethereum is slowly moving higher above the $1,600 and $1,620 levels. The price is now trading above $1,620 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,615 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rally if there is a clear move above the $1,665 resistance zone. Ethereum Price Starts Increase
Ethereum price remained well bid above the $1,550 level. ETH formed a base and started a fresh increase above the $1,600 resistance zone. There was a clear move above the $1,620 resistance, similar to bitcoin.
There was a break above a major bearish trend line with resistance near $1,615 on the hourly chart of ETH/USD.
Keep reading this article on Newsbtc.com.
