Ethereum price started a fresh surge above the $1,720 resistance. ETH is now correcting gains and might revisit the $1,700 support zone.
Ethereum started a fresh rally above the $1,720 zone.
The price is trading above $1,700 and the 100-hourly Simple Moving Average.
There is a connecting bearish trend line forming with resistance at $1,780 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a fresh increase if it clears the $1,800 resistance zone.
Ethereum Price Signals Downside Correction
Ethereum price remained stable above the $1,680 level and started a fresh increase, like Bitcoin. ETH traded above the $1,720 and $1,750 levels. The bulls even pumped the price above the $1,800 level.
A high was formed at $1,834 and the price recently started a downside correction. There was a move below the 23.6% Fib retracement level of the upward move from the $1,565 swing low to the $1,834 high. The price even dipped below the $1,780 level.
There is also a c
We współpracy z: https://www.newsbtc.com/analysis/eth/ethereum-price-charts-hint-pullback/
