Ethereum Price Reclaims $3K But Can ETH Continue Higher?

Ethereum price dived over 10% before the bulls appeared near $2,550. ETH is back above $3,000 and now faces many hurdles near $3,200.Ethereum is attempting a recovery wave from the $2,550 support zone.
The price is trading below $3,250 and the 100-hourly Simple Moving Average.
There is a rising channel forming with resistance at $3,200 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could gain bullish momentum if it stays above the $3,000 support zone.Ethereum Price Eyes Recovery