Ethereum Price Eyes Fresh Rally Unless ETH Dips Below This Support

Ethereum is showing positive signs above the $1,550 zone against the US Dollar. ETH could start a fresh rally unless it breaks the $1,550 support zone.Ethereum is consolidating and is showing positive signs above the $1,550 support zone.
The price is now trading above $1,550 and the 100 hourly simple moving average.
There is a key contracting triangle forming with resistance near $1,600 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a fresh surge if it clears the $1,