NewsBTC7 minutes ago

Published on September 07, 2023 04:08 GMT+00:00edited on September 07, 2023 04:09 GMT+00:00

Ethereum price is eyeing an upside break above $1,650 against the US Dollar. ETH must stay above $1,600 to start a fresh increase in the near term.

• Ethereum is slowly moving higher from the $1,620 support zone.
• The price is trading above $1,632 and the 100-hourly Simple Moving Average.
• There is a connecting bullish trend line forming with support near $1,622 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could start a steady increase if there is a close above the $1,650 resistance.

Ethereum Price Eyes Fresh Increase

Ethereum’s price saw a couple of swing moves below the $1,650 resistance zone. ETH even spiked toward $1,665 but the bears remained active. There was a fresh decline, and the price retested the $1,600 support zone.

It is again moving higher …