Ethereum (ETH) Price Consolidates Base: A Springboard for More Gains?
The Ethereum price remains bullish above the $3,500 area. ETH is consolidating and may soon break the $3,600 resistance.
Ethereum started a downside correction from the $3,685 area. The price is currently above $3,520 and the 100 hourly simple moving average. On the hourly chart of ETH/USD, there is a connecting bearish trend line forming with resistance at $3,600 (data via Kraken). If the pair breaks above the $3,600 area, it may resume its upward trend.
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