Ethereum Price Analysis: ETH Eyes Recovery Above $1,200

Ethereum price started a recovery wave from the $1,000 zone against the US Dollar. ETH price is now trading above $1,120 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $1,060 on the 4-hours chart (data feed from Coinbase). The pair could rise steadily towards the $1,280 resistance level or even $1,420. Ethereum price is recovering above $1,100 against the US Dollar. ETH/USD could rise further unless it breaks the $1,000 support zone. Ethereum Price Analysis This past week, ethereum saw a rejection near the $1,280 resistance against the