Ethereum remained well bid above the $1,550 zone against the US Dollar. ETH is rising and might gain pace if there is a clear move above the $1,670 level.
Ethereum Price Eyes Upside Break
Ethereum started another decline below the $1,650 level. ETH even traded below the $1,600 support zone but downsides were limited. The price remained in a range and was well supported above the $1,550 level.
A low was formed near $1,580 and the price is now rising. There was a clear move above the $1,600 and $1,620 levels. Ether price cleared the 50% Fib retracement level of the recent decline from the $1,672 swing high to $1,580 low.
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