Ethereum Price Technical Analysis – ETH/USD Could Gain Momentum

Key Highlights ETH price made a nice upside move and traded above the $780 resistance against the US Dollar. There was a break above a major bearish trend line with resistance at $775 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair is now placed nicely above the $780 level and the 100 hourly simple moving average.

Ethereum price is slowly gaining momentum against the US Dollar and Bitcoin. ETH/USD may soon move above the $840 resistance to gain further momentum.

Ethereum

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Key Highlights ETH [+]    Dollar [+]    ETH [+]    USD [+]    SimpleFX [+]    Ethereum [+]    Dollar and Bitcoin [+]   

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