-
Ethereum Price Analysis: ETH Extends Rally Toward $3,000
In the past few sessions, Ethereum saw a decent increase above the $2,650 level against the US Dollar. ETH price was able to gain pace for a move above the $2,750 level and the 55 simple moving average (4 hours). The bulls even pushed the price above the $2,800 resistance zone. A high is formed near $2,985 and the price is now consolidating gains. It is trading above the $2,850 level. It is near above the 23.6% Fib retracement level of the upward wave from the $2,719 swing low to the $2,985 high. Ether price is showing positive signs above $2,850 and the 55 simple moving average (4 hours). There is also a key bullish ... (full story)