Ethereum has started a steady rise above $3,250 and $3,300 against the US dollar. The price of ETH is now trying to rise above $3,400 and $3,450. Ethereum started a downward correction after encountering sellers near the $3,500 zone. Now the price exceeds $3,200 and the 100-hour simple moving average. There was a break above the descending channel with resistance around $3380 on the hourly ETH/USD chart (data flow via Kraken). The pair can start a new growth if it remains stable above the support of $ 3,275. The price of Ethereum is gaining momentum Ethereum gained strength, rising above the $3,200 level. ETH even rose above the $3,300 level and the 100-hour simple moving average. However, the price did not reach the $3,500 mark. A maximum of about $3,489 was formed before a downward correction occurred, like bitcoin. The price corrected below the support level of $3,350. However, the bulls were active around the $3,275 level and the 100-hour simple moving average. A minimum of about $ 3,275 was formed, and the price began a new growth. There was a break above the $3,350 resistance level. The ether rose above the 50% Fibonacci retracement level with a downward movement from the swing maximum of $3,489 to the minimum of $3,275. There was also a break above the descending channel with resistance around $3380 on the hourly ETH/USD chart. Now it is consolidating around the $3380 zone. Gainers^^^ #CryptoTrading
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