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Ethereum Price Analysis: ETH Surges As Bulls Aim For $2,800
In the past few sessions, Ethereum saw a decent increase above the $2,300 level against the US Dollar. ETH price was able to gain pace for a move above the $2,450 level and the 55 simple moving average (4 hours). The bulls even pushed the price above the $2,600 resistance zone. A high is formed near $2,687 and the price is now consolidating gains. It is trading above the $2,550 level. It is well above the 23.6% Fib retracement level of the upward wave from the $2,472 swing low to the $2,687 high. Ether price is showing positive signs above $2,550 and the 55 simple moving average (4 hours). There is also a key bullish ... (full story)