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Ethereum corrected lower and tested $1,250. ETH price is consolidating above $1,280 and it looks set for a fresh increase in the near term.

It’s a mixed start to the day for the majors. A fall through the day’s pivot levels would bring support levels into play before any recovery.

TA: Ethereum Steadies Above $1,150: Why ETH Could Outperform BTC Reading Time: 2min read Ethereum is holding a major support near $1,150 against the US Dollar. ETH price is consolidating and it is likely setting up for a major upside break above $1,250 Ethereum is facing a couple of major hurdles near $1,245 and $1,250. The price is likely to remain well bid above $1,150 and near the 100 hourly simple moving average. There is a key contracting triangle forming with support near $1,195 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to outperform bitcoin unless there ...

GBP/USD failed to settle above the resistance at 1.3710 and pulled back.

Ethereum gained bullish momentum above the $1,150 resistance. ETH price broke $1.200, but it struggled to clear the $1,250 level.