TA: Ethereum Shows Positive Signs But This Resistance Is The Key

Ethereum started a recovery wave above the $2,820 level against the US Dollar. ETH must clear the $2,920 resistance to start a steady upward move.Ethereum started a short-term upside correction above the $2,780 and $2,800 levels.
The price is now trading above $2,820 and the 100 hourly simple moving average.
There is a key rising channel forming with support near $2,820 on the hourly chart of ETH/USD (data feed via Kraken).
The pair must clear the $2,885 and $2,920 resistance levels to continue