Ethereum price is moving higher above the $3,600 zone. ETH is showing bullish signs and might soon aim for a move above the $3,800 resistance zone.
Ethereum started a decent increase from the $3,550 zone.
The price is trading above $3,550 and the 100-hourly Simple Moving Average.
There is a connecting bullish trend line forming with support at $3,700 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could restart its increase if it clears the $3,750 zone.
Ethereum Price Eyes Steady Increase
Ethereum price remained supported above $3,350 and started a fresh increase like Bitcoin. ETH was able to surpass the $3,450 and $3,550 resistance levels.
The bulls pumped the price above the $3,700 level. A high was formed at $3,748 and the price is now consolidating gains. There was a minor decline below the $3,720 level. The price dipped and tested the 23.6% Fib retracement level of the upward wave from the $3,572 swing low to the $3,748 high.
Ethereum price is now trad
We współpracy z: https://www.newsbtc.com/analysis/eth/ethereum-bulls-charge-4k/
