Ethereum corrected a few points from the $1,633 high against the US Dollar. ETH remains well supported above the $1,480 level and might start a fresh rally.
Ethereum Price Eyes More Upsides
Ethereum extended rally above the $1,450 and $1,500 levels. ETH cleared the $1,550 resistance zone to move further into a positive zone.
The price even rallied above the $1,600 resistance zone and settled well above the 100 hourly simple moving average. Ether price traded as high as $1,633 before there was a downside correction. There was a move below the $1,550 support zone.
The price dipped below the 23.6% Fib retracement level of the upward move from the $1,325 swing low ..
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