TA: Ethereum Eyes Fresh Surge, Why ETH Could Surpass $1,700

TA: Ethereum Eyes Fresh Surge, Why ETH Could Surpass $1,700

Ethereum remained well bid above the $1,465 level against the US Dollar. ETH could start a fresh surge if there is a close above the $1,600 resistance.


  • Ethereum corrected lower but the bulls were active near the $1,465 zone.

  • The price is now trading above $1,500 and the 100 hourly simple moving average.

  • There is a crucial bullish trend line forming with support near $1,520 on the hourly chart of ETH/USD (data feed via Kraken).

  • The pair could start a fresh surge if there is a clear move above the $1,600 zone.


  • Ethereum Price Remains Supported

    Ethereum started a downside correction below the $1,550 level. ETH even traded below the $1,500 support level but the bulls were active near a major support.


    It tested the $1,465 zone and the 100 hourly simple moving average. There is also a crucial bullish trend line forming with support near $1,520 on the hourly chart of ETH/USD. The pair stayed above the ..

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