NewsBTC11 minutes ago

Published on September 29, 2023 04:29 GMT+00:00edited on September 29, 2023 04:34 GMT+00:00

Ethereum price is attempting a fresh increase above $1,650 against the US Dollar. ETH could accelerate higher if it clears the $1,670 resistance.

• Ethereum is attempting a fresh increase above the $1,620 level.
• The price is trading above $1,620 and the 100-hourly Simple Moving Average.
• There is a key bullish trend line forming with support near $1,645 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could continue to rise if it clears the $1,670 resistance zone.

Ethereum Price Climbs Higher

Ethereum’s price formed a base above the $1,580 level. ETH remained stable and climbed above the $1,620 resistance zone to move into a positive zone, like Bitcoin.

There was a move above the $1,650 level but upsides were limited. A high was formed near $1,667 and there was …