Ethereum gained bullish momentum and cleared the $3,000 resistance against the US Dollar. ETH price is rising, but it could face hurdles near the $3,200 level.
- Ethereum found support and started a strong increase above the $3,000 level.
- The price is now trading above $3,000 and the 100 hourly simple moving average.
- There was a break above a key bearish trend line with resistance near $3,010 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could accelerate higher, but the $3,200 barrier might prevent additional gains.
Ethereum Price Reclaims $3K
Ethereum formed a base for a fresh increase above the $2,800 resistance zone. ETH was able to surpass many hurdles near the $2,880 and $3,000 levels.