TA: Why Ethereum Close Above $1,300 Could Spark A Fresh Surge
TA: Why Ethereum Close Above $1,300 Could Spark A Fresh Surge Reading Time: 2min read Ethereum is holding the $1,240 and $1,220 support levels against the US Dollar. ETH price seems to be eyeing a fresh surge above the $1,300 and $1,320 resistance levels in the near term. Ethereum retested the $1,200 support zone, where the bulls took a stand. The price is now recovering towards the $1,300 resistance and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $1,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a str...