TA: Ethereum Gearing For Another Lift-Off: Recovery Isn’t Over Yet

Ethereum is showing positive signs above the $1,100 zone against the US Dollar. ETH could rise further above the $1,170 resistance zone.Ethereum gained strength for a move above the $1,100 and $1,120 levels.
The price is now trading above $1,120 and the 100 hourly simple moving average.
There is a key bullish trend line forming with support near $1,120 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to rise if there is a move above the $1,170 resistance zone.Ethere