Ethereum Price Climbs Above $1,300, Is This A Clear Bullish Signal

Jan 9, 2023 06:00 am Cryptocurrency 149

Ethereum climbed higher and surpassed the $1,300 resistance zone against the US Dollar. ETH is consolidating gains and might aim more upsides towards the $1,400 resistance.

Ethereum was able to gain pace for a move above the $1,275 and $1,280 resistance levels.

The price is now trading above $1,280 and the 100 hourly simple moving average.

There is a key bullish trend line forming with support near $1,270 on the hourly chart of ETH/USD (data feed via Kraken).

The pair could rise further if it stays above the $1,270 support zone.

Ethereum Price Regains $1,300

Ethereum price started a decent increase above the $1,250 level. ETH gained pace and was able to clear the $1,275 resistance zone, similar to bitcoin.

The price even broke the $1,300 barrier to move into a bullish zone. A high is formed near $1,313 and the price is now consolidating gains. Ether price is clearly showing a lot of bullish signs above $1,280 and ..

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