Ethereum Price Aims More Upsides
- Ethereum gained pace above the $4,650 resistance level and the 100 hourly simple moving average.
- The price traded above $4,750 and the 100 hourly simple moving average.
- There is a key bullish trend line forming with support near $4,780 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could extend its rally above the $4,850 resistance in the near term.
Ethereum Price Aims More Upsides
Ethereum started a fresh increase above the $4,550 and $4,600 resistance levels. ETH gained pace above the $4,650 resistance zone and the 100 hourly simple moving average.
The price even climbed above $4,750 and traded to a new all-time high. It traded as high as $4,822 and is currently consolidating gains. It is now trading well above the 23.6% Fib retracement level of the upward move from the $4,577 swing low to $4,822 high.
It is also trading well above $4,750 and the 100 hourly SMA. Besides, there is a key bullish trend line forming with support near $4,780 on the hourly chart of