Ethereum Price Analysis: ETH/USD Slowly Rising Towards $290-295

Key HighlightsETH price remained supported near $265 and it slowly moved above the $270 level against the US Dollar.
There is a short-term ascending channel forming with support at $271 on the hourly chart of ETH/USD (data feed via Kraken).
The pair might face hurdles on the upside near the $284 and $285 resistance levels.Ethereum price is mostly trading in a range against the US Dollar and bitcoin. ETH/USD could slowly rise towards the $290 level with ranging moves.
Ethereum Price Resistances
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