Ethereum Price Gains Momentum, Why ETH Could Rise To $1,300

Jan 4, 2023 06:00 am Cryptocurrency 118

Ethereum is moving higher above $1,220 against the US Dollar. ETH could rise further if there is a clear move above the $1,240 and $1,250 resistance levels.

Ethereum is attempting a fresh increase above the $1,200 and $1,220 resistance levels.

The price is now trading above $1,200 and the 100 hourly simple moving average.

There is a connecting bullish trend line forming with support near $1,200 on the hourly chart of ETH/USD (data feed via Kraken).

The pair could gain bullish momentum if there is a clear move above the $1,250 resistance.

Ethereum Price Starts Increase

Ethereum price remained well bid above the $1,200 level. ETH bull were active and defended heavy losses below the $1,180 level. The price started a decent increase above the $1,220 level, similar to bitcoin.

A low was formed near the $1,204 and the price climbed above the $1,220 level. The price even climbed above the $1,230 level and is currently showing a lot of positive ..

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