Ethereum price hints at a potential new rally.
Ethereum price is moving above the $3,120 resistance zone. Ethereum could start a new rally if it breaks through the $3,280 resistance zone.
Ethereum is recovering and approaching the $3,280 resistance zone.
The price is trading above $3,100 and the 100-hour simple moving average.
On the hourly chart, ETHUSD broke above two connecting bearish trend lines with resistance at $3,070 and $3,150 (data feed via Kraken).
The pair could gain bullish momentum if it closes above the $3,250 zone.
Ethereum price formed a base above the $2,850 level and began a wave of recovery, just like Bitcoin. Ethereum has cleared several key hurdles around $3,000 and entered positive territory.
