Ethereum price is consolidating gains above the $2,550 resistance. ETH could gain pace if it clears the $2,650 resistance zone.
Ethereum started a fresh increase above the $2,550 and $2,580 resistance levels.
The price is trading above $2,600 and the 100-hourly Simple Moving Average.
There is a connecting bullish trend line forming with support near $2,610 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to rally if it clears the $2,650 and $2,680 resistance levels.
Ethereum Price Eyes More Upsides
Ethereum price remained stable above the $2,550 pivot level like Bitcoin. ETH cleared the $2,600 and $2,620 resistance levels. The price even spiked above $2,650 before there was a downside correction.
The price is again rising and trading above the $2,600 level. The bulls were able to clear the 50% Fib retracement level of the downward wave from the $2,685 swing high to the $2,538 low. There is also a connecting bullish trend line forming with supp
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