Ethereum started a fresh increase above the $1,600 resistance against the US Dollar. ETH is gaining pace and might rise further towards the $1,650 level.
Ethereum Price Gains Pace
Ethereum attempted an upside break above the $1,605 level, but struggled. There was a sharp bearish reaction below the $1,560 and $1,550 levels.
Ether price dipped below the $1,520 level and the 100 hourly simple moving average. However, the bulls were active near the $1,500 and $1,480 levels. A low was formed near $1,473 and the price is now rising. There was a clear move above $1,550 and the
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