Ethereum Price Analysis: ETH/USD Poised for More Upsides

This aggregated story was originally published on this site. Follow the link in the word Story at left to read the full article.

Key Highlights ETH price is gaining momentum and it could break the $304 resistance for more upsides against the US Dollar. There was a break above a key bearish trend line with resistance at $295 on the hourly chart of ETH/USD (data feed via Kraken). The pair might decline a few points towards $290 and $288 before climbing higher in the near term. Ethereum price is placed nicely in a bullish zone against the US Dollar, but it is struggling versus bitcoin. ETH/USD may soon break $304 to gain momentum. Ethereum Price Trend There were mostly range moves above the $277 level in ETH price during the past few sessions against the US Dollar. The ETH/USD pair formed a decent support near $277 and later started an upside move. It traded above the 50% Fib retracement level of the last drop from the $331 high to $250 low. There were