04-10-2022 07:28 via newsbtc.com

TA: Ethereum Price Could Rally If It Closes Above This Key Level

Ethereum is showing positive signs above the $1,300 level against the US Dollar. ETH could rally if it clears the $1,330 and $1,350 resistance levels.Ethereum is slowly moving higher and trading above the $1,300 level.
The price is now trading above $1,310 and the 100 hourly simple moving average.
There is a key bullish trend line forming with support near $1,320 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could gain bullish momentum if there is a clear move above the $1,350
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