Ethereum Price Poised for Lift-Off: Will an Upside Break Spark a Surge?

Ethereum Price Poised for Lift-Off: Will an Upside Break Spark a Surge?

Ethereum price is struggling below the $3,500 resistance while Bitcoin gains. ETH is consolidating above $3,150 and might aim for an upside break.


  • Ethereum failed to gain pace for a close above $3,400 and $3,450.

  • The price is trading above $3,300 and the 100-hourly Simple Moving Average.

  • There is a key contracting triangle forming with resistance at $3,355 on the hourly chart of ETH/USD (data feed via Kraken).

  • The pair could start another increase if it clears the $3,400 resistance level.

  • Ethereum Price Aims Key Upside Break


    Ethereum price started a decent upward move from the $3,200 level but upsides were limited compared to Bitcoin. ETH cleared the $3,250 resistance to move into a short-term bullish zone.


    The bulls were able to push the price above the $3,300 resistance zone. Besides, there was a clear move above the 50% Fib retracement level of the downward move from the $3,445 swing high to the $3,203 low. However, the ..

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