Ethereum Price Technical Analysis – ETH/USD’s Upside Drift

Key Highlights ETH price started a nice upside move and traded above the last swing high of $433.77 against the US Dollar. There is a new major ascending channel forming with support at $428 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to accelerate higher and it could trade towards the $444 and $460 levels.

Ethereum price is gaining pace against the US Dollar and Bitcoin. ETH/USD is currently above $433 and eyes a break above the $444 resistance level.

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