Ethereum price climbed higher above $3,500 but struggled near $3,580. ETH must clear the $3,650 resistance to move further into a positive zone.
Ethereum is consolidating gains below the $3,650 resistance zone.
The price is trading above $3,500 and the 100-hourly Simple Moving Average.
There is a short-term rising channel forming with resistance near $3,585 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could gain bullish momentum if it clears the $3,600 and $3,650 resistance levels.
Ethereum Price Consolidates
Ethereum price started a decent increase from the $3,350 support zone. ETH formed a base and climbed above the $3,450 and $3,500 resistance levels. It even outperformed Bitcoin and broke the $3,550 resistance.
The bears are now active below the $3,600 level. A high was formed at $3,586 and the price is now consolidating gains. There was a minor decline below the $3,550 level. The price dipped below the 23.6% Fib retracement level of the upward move
We współpracy z: https://www.newsbtc.com/analysis/eth/ethereum-price-struggle-3650/
