In the past few days, Ethereum price formed a strong support base above the $222 level against the US Dollar. ETH price started a fresh increase and surpassed the $228 and $230 levels to move into a positive zone. There was also a close above the $232 level and the 55 simple moving average (4-hours). During the rise, there was a break above a crucial bearish trend line with resistance near $230 on the 4-hours chart. The pair gained pace above the main $234 pivot level and surged above $240. It traded as high as $244 and it is currently correcting lower. There was a break below the 23.6% Fib retracement level of the ... (full story)