Ethereum Price Analysis: Ready for a Break Higher on Golem Launch

Ethereum is trading inside a rising channel on its 1-hour time frame and barely dipped to support before making another test of resistance. This suggests that bulls are eager to get back in the game and might be strong enough to push for an upside break.

Price found enough support around the mid-channel area of interest, which was near the moving averages’ dynamic inflection points. Speaking of moving averages, the 100 SMA is above the longer-term 200 SMA so the path of least resistance is...

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