Ethereum Price Analysis: ETH/USD Bullish Above $224

Key Highlights

ETH price traded higher and spiked above the $230 resistance against the US Dollar. There is a key ascending channel in place with support at $226 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains well supported above the $224 and $226 levels in the near term.

Ethereum price slowly climbed higher against the US Dollar and bitcoin. ETH/USD could correct lower, but the $224 support is likely to hold losses.

Ethereum Price Analysis

There was an upside...

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