TA: Ethereum Looks Ready For Another Leg Higher Over $625

[Jentot]

TA: Ethereum Looks Ready For Another Leg Higher Over $625

Ethereum is trading nicely above the $600 resistance against the US Dollar. ETH price seems to be preparing for more gains above the $625 and USD $630 levels.

Ethereum settled nicely above the $600 level, with a positive angle.The price traded as high as $621 and it settled well above the 100 hourly simple moving average.There is a key rising channel forming with support near $602 on the hourly chart of ETH/USD (data feed via Kraken).The pair could rise further above $625 as long as it is trading above the $600 support.

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