After forming a strong support base above the $200 level, Ethereum price started a fresh increase against the US Dollar. ETH price broke many hurdles near $210 and $220 levels to move into a positive zone. Moreover, there was a break above a crucial contracting triangle with resistance near $210 on the 4-hours chart. It opened the doors for more gains above the main $225 resistance. There was also a close above the $240 level and the 55 simple moving average (4-hours). The price spiked above the $250 level and traded to a new weekly high at $252. It is currently consolidating gains near the $248 level. An initial ... (full story)