Ethereum Price Looks Ready For Another Leg Higher Over $1,300

Jan 5, 2023 04:00 am Cryptocurrency 152

Ethereum was able to clear the $1,240 resistance zone against the US Dollar. ETH is showing positive signs and there might be a move above the $1,300 resistance.

Ethereum is moving higher above the $1,220 and $1,240 resistance levels.

The price is now trading above $1,220 and the 100 hourly simple moving average.

There was a break above a key contracting triangle with resistance near $1,215 on the hourly chart of ETH/USD (data feed via Kraken).

The pair could rise further if there is a clear move above the $1,300 resistance.

Ethereum Price Gains Bullish Momentum

Ethereum price formed a base above the $1,200 level. ETH started a decent increase and was able to clear the $1,220 resistance zone, similar to bitcoin.

There was a break above a key contracting triangle with resistance near $1,215 on the hourly chart of ETH/USD. It opened the doors for a move above the $1,250 resistance zone. The price tested ..

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