Published on September 08, 2023 04:14 GMT+00:00edited on September 08, 2023 04:19 GMT+00:00

Ethereum price is eyeing an upside break above $1,650 against the US Dollar. ETH could gain bullish momentum if it clears $1,650 and $1,670 in the near term.

• Ethereum is slowly moving higher above the $1,620 support zone.
• The price is trading above $1,640 and the 100-hourly Simple Moving Average.
• There is a key bullish trend line forming with support near $1,625 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could start a decent increase if there is a close above the $1,650 and $1,670 resistance levels.

Ethereum Price Eyes Upside Break

Ethereum’s price remained stable above the $1,620 support zone. ETH formed a base and made another attempt to clear the $1,650 resistance, like Bitcoin.

There was a spike above the $1,650 resistance zone but the bulls …