Ethereum Price Pullbacks Fail to Scare Buyers, Momentum Tells a Story

Ethereum price started a steady upward move above $3,120. ETH is now consolidating gains and might aim for more gains above $3,250. Ethereum started a fresh increase above $3,050 and $3,150. The price is trading above $3,200 and the 100-hourly Simple Moving Average. There is a short-term bullish trend line forming with support at $3,185 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it clears the $3,250 zone. Ethereum Price Remains Supported Ethereum price started a fresh increase after it settled above the $3,050 zone, like Bitcoin. ETH price gained pace for a move above the $3,120 and $3,150 resistance levels. The bulls even pumped the price toward $3,220. A high was formed at $3,264, and the price is now consolidating ...