TA: Ethereum Recovers But ETH Must Clear This Key Resistance
Ethereum started a recovery wave above the $2,800 level against the US Dollar. must clear the $2,850 resistance to continue higher in the near term.Ethereum started a decent recovery wave above the $2,780 and $2,800 levels.
The price is consolidating above $2,820 and the 100 hourly simple moving average.
There was a break above a major bearish trend line with resistance near $2,750 on the hourly chart of ETH/USD (data feed via Kraken).
The pair must clear the $2,850 and $2,860 resistance levels
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