Ethereum Price Forms Bullish Continuation Pattern and Could Rally Again
Ethereum is consolidating gains above $1,600 against the US Dollar. ETH is showing positive signs and might start another increase above $1,650.Ethereum is showing positive signs above the $1,620 and $1,600 levels.
The price is now trading above $1,600 and the 100 hourly simple moving average.
There is a key bullish flag forming with resistance near $1,640 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could rally again if it clears the $1,640 and $1,650 resistance levels.Ethere
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