- ETH price extended gains and rallied towards the $175 resistance area against the US Dollar.
- The price pumped sharply above the $169 and $170 resistance levels to test $174.
- There is a solid bullish trend line formed with support at $168 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair remains well supported on the downside near $170 and it could continue to rise towards $180.
Ethereum price climbed higher above key levels versus the US Dollar, along with bitcoin. ETH remains well bid and it seems like buyers could push the price towards $180 and $182.
Ethereum Price Analysis
Yesterday, we saw a strong rebound in Ethereum price above the $162 and $165 resistance levels against the US Dollar. The ETH/USD pair even tested the $170 resistance level and settled above 100 hourly simple moving average. Finally, the price broke the $169 and $170 resistance levels to extend the rally towards the $175 level (as discussed in yesterday’s analysis). The price tested the $174…
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