Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: Rakin343 on January 21, 2021, 03:30:59 PM
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Ethereum corrected lower and tested the $1,250 support zone against the US Dollar. ETH price is consolidating above $1,280 and it looks set for a fresh increase in the near term.
Ethereum is holding gains above the $1,250 and $1,280 support levels.
The price is currently correcting lower from $1,385, but it is above the 100 hourly simple moving average.
There is a crucial contracting triangle forming with support near $1,275 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could correct again, but it is likely to remain well bid above the $1,250 and $1,275 support levels.
more information (https://cryptonews.net/454373/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)