Ethereum Price Faces Another Rejection – Can Bulls Save The Day?

Ethereum price climbed above $1,650 but failed to surpass $1,670 against the US Dollar. ETH trimmed gains and now consolidating near the $1,630 zone.Ethereum struggled to clear the $1,670 resistance.
The price is trading above $1,630 and the 100-hourly Simple Moving Average.
There was a break above a key bearish trend line with resistance near $1,628 on the hourly chart of ETH/USD (data feed via Kraken).
The pair must stay above the $1,620 support zone to start a fresh increase in the short term