NewsBTC35 minutes ago

Published on September 15, 2023 04:17 GMT+00:00edited on September 15, 2023 04:19 GMT+00:00

Ethereum price is eyeing a key upside break above $1,650 against the US Dollar. ETH could gain bullish momentum if there is a close above $1,650 and $1,670.

• Ethereum is moving higher toward the $1,650 resistance.
• The price is trading above $1,610 and the 100-hourly Simple Moving Average.
• There is a short-term rising channel forming with support near $1,630 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could rise steadily if there is a close above $1,650 and $1,670.

Ethereum Price Eyes Upside Break

Ethereum’s price formed a base above the $1,580 level and extended its increase. ETH traded above the $1,620 resistance to move into a positive zone, like Bitcoin.

The price is now trading near a key barrier at $1,650, above which it could accelerate higher. …