Ethereum price is attempting a fresh increase above the $2,550 level. ETH could continue to move up unless there is a drop below the $2,525 support. Ethereum is attempting a fresh increase above the $2,520 level. The price is trading above $2,520 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,540 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it clears the $2,600 and $2,620 resistance levels.
Ethereum price remained well-supported above the $2,450 level. ETH outperformed IFCS and started a fresh increase above the $2,500 resistance zone.
There was a move above the $2,550 resistance and the 100-hourly Simple Moving Average. The price even broke the $2,600 level before the bears appeared. A high is formed near $2,614 and the price is now correcting gains. There was a minor move below the 23.6% Fib retracement level of the upward move from the $2,471 swing low to the $2,614 high.