10-01-2023 05:59 via newsbtc.com

Ethereum Price Turns Green But Decreasing Volumes Might Be Concerning

Ethereum extended its increase above the $1,300 resistance zone against the US Dollar. ETH tested the $1,350 zone and is currently correcting lower.Ethereum remained in a positive zone and climbed above the $1,300 and $1,320 resistance levels.
The price is now trading above $1,300 and the 100 hourly simple moving average.
There is a major bullish trend line forming with support near $1,292 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could rise further if it stays above the $1
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