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ETH Could Rally To US$4K
Recently, ethereum saw a fresh increase after it formed a base above $3,200 against the US Dollar. ETH price traded above the $3,350 resistance to move into a positive zone. The price even climbed above the $3,400 level and the 55 simple moving average (4-hours). Finally, there was a break above the $3,500 level and the price traded as high as $3,581. It is now consolidating gains and trading near the $3,500 zone. There was a move below the 23.6% Fib retracement level of the upward move from the $3,211 swing low to $3,581 high. However, the bulls were active above the $3,400 level and the 55 simple moving average ... (full story)
