Ethereum Price Regains Strength But Key Downtrend Resistance Intact

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Ethereum price recovered losses and traded above $1,860 against the US Dollar. ETH must clear $1,920 to start a strong increase in the near term. Ethereum is showing positive signs above the $1,860 level. The price is trading above $1,850 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance near $1,865 on the hourly chart of ETH/USD (data feed via Kraken). The pair could still struggle to clear the $1,920 resistance zone. Ethereum Price Trims Losses Ethereum’s price found support near the $1,775 zone after a major decline. ETH formed a

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Author: coinmaker

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