Ethereum found bids near the $3,140 zone and corrected higher against the US Dollar. ETH price must clear $3,325 and the 100 hourly SMA to start a decent increase.
Ethereum Price Eyes Recovery
Ethereum traded as low as $3,143 before the bulls appeared. ETH formed a base above the $3,150 and started a decent upward move.
There was a break above the $3,200 resistance level. Ether price was able to clear the 23.6% Fib retracement level of the key drop from the $3,550 swing high to $3,143 low. However, it is still trading below $3,300 and the 100 hourly simple moving average.
On the upside, an initial resistance is seen near the $3,300 level. There is also ..
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