Ethereum (ETH) Price Showing Positive Signs Above 100 SMA

Ethereum (ETH) Price Showing Positive Signs Above 100 SMA

  • ETH price declined towards the $160 support against the US Dollar, where buyers took a stand.
  • The price recently recovered and traded above the $165 and $166 resistance levels.
  • There was a break above a contracting triangle with resistance at $164 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair is currently gaining…
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