Ethereum (ETH) Price Grinding Higher: Fresh Rise Above $265 Likely

ETH price is slowly moving higher and it is currently holding the $250 support against the US Dollar. The price is likely to gain pace above the $265 and $270 resistance levels in the near term. Yesterday’s highlighted ascending channel is intact with support near $252 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains in a decent uptrend and it seems like there could be more gains above $270.

Ethereum price is trading with a positive bias above the $250 support...

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