Ethereum price surged above $2,050. ETH is now consolidating gains and might soon aim for another rally toward the $2,150 level.
Ethereum is consolidating and facing resistance near the $2,080 zone.
The price is trading above $2,030 and the 100-hourly Simple Moving Average.
There is a short-term contracting triangle forming with resistance near $2,080 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could extend its rally if it clears the $2,080 and $2,090 resistance levels.
Ethereum Price Holds Ground
Ethereum price started a strong increase above the $2,000 resistance zone. ETH outperformed Bitcoin yesterday with a move above the $2,050 resistance zone. However, the bulls faced hurdles near the $2,080 and $2,090 levels.
A high was formed near $2,092 and the price is now consolidating gains. There was a small correction below the $2,060 level. The price dipped below the 23.6% Fib retracement level of the upward wave from the $1,930 swing low to the $2,092 high.
Ethereum
We współpracy z: https://www.newsbtc.com/analysis/eth/ethereum-price-bullish-pattern-2080/
