Ethereum price is gaining bullish momentum above the $2,700 support. ETH remains supported and eyes more upsides toward the $3,000 resistance.
Ethereum is consolidating gains above the $2,770 support zone.
The price is trading above $2,780 and the 100-hourly Simple Moving Average.
There is a key bullish trend line forming with support at $2,700 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to move up toward the $3,000 resistance zone.
Ethereum Price Remains In Strong Uptrend
Ethereum price remained well-bid above the $2,650 level. ETH settled above the $2,700 barrier to move further into a positive zone, like Bitcoin. The bulls were able to pump the price above the $2,750 and $2,800 levels.
A new multi-week high was formed near $2,826 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the recent rally from the $2,589 swing low to the $2,826 high. There is also a key bullish trend line forming with support at
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