TA: Here’s Why Ethereum (ETH) Follow Bitcoin and Rally Above $2,500

0
11

Ethereum is trading in a positive zone above the $2,400 support zone the 100 hourly SMA against the US Dollar. ETH price is likely to rally if there is a clear break above $2,500.

  • Ethereum is trading in a positive zone above the $2,400 and $2,420 support levels.
  • The price is now trading above $2,450 and the 100 hourly simple moving average.
  • There was a break above a major bearish trend line with resistance near $2,400 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could correct lower, […]

    Click here to read the original article

LEAVE A REPLY

Please enter your comment!
Please enter your name here