NewsBTC15 minutes ago

Published on September 20, 2023 03:25 GMT+00:00edited on September 20, 2023 03:31 GMT+00:00

Ethereum price is still struggling to gain pace above $1,670 and $1,680 against the US Dollar. ETH must stay above $1,620 to start another increase.

• Ethereum struggled to clear the $1,660 resistance.
• The price is trading above $1,635 and the 100-hourly Simple Moving Average.
• There is a key contracting triangle forming with resistance near $1,650 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair must stay above the $1,620 support zone to start another increase in the short term.

Ethereum Price Faces Key Hurdle

Ethereum’s price remained well-supported above the $1,620 zone. ETH again climbed above the $1,650 resistance but struggled to clear $1,660, unlike Bitcoin.

The price made two attempts to gain strength above $1,660 but failed. A high was formed near …