Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: Btceth01 on June 10, 2021, 11:55:53 PM
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Ethereum started a steady increase and cleared the $2,550 resistance against the US Dollar. ETH price is now struggling to climb higher above $2,650 and the 100 hourly SMA.
Ethereum gained pace for a move above the $2,500 and $2,550 resistance levels.The price is struggling to settle above $2,600 and the 100 hourly simple moving average.
There is a key bullish trend line forming with support near $2,500 on the hourly chart of ETH/USD (data feed via Kraken).The pair must settle above $2,600 and the 100 hourly SMA to continue higher in the near term. Ethereum Price is Facing Hurdles Ethereum settled above the $2,450 level and extended its upward move. ETH broke the $2,500 and $2,550 resistance levels to move into a positive zone.There was a break above the 50% Fib retracement level of the of the key decline drop from the $2,850 swing high to $2,310 low. The price even spiked above the $2,600 level and the 100 hourly simple moving average. However, ether failed to remain stable above $2,600.Source (https://cryptonews.net/783121/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)