Ethereum Price Indicators Suggest High Chances of Upside Break

Ethereum is rising and trading near the $1660 level. there was a break above a major declining channel with resistance near $1640 on the hourly graph of ETH/USD.

The pair could rally if there is a clear move above the $1660 and $1700 levels.

Ethereum price declined again under the $1620 level but the bulls were active near the $1600 support. ETH traded as low as $1597 and started a fresh increase. 

The price boost above the $1620 and $1630 there was a move above the 50% FIB retracement level of the down from the $1665 swing high to the $1597 low there was a break above a major declining channel with a $1640 resistance level on the hourly graph of ETH/USD.

Ether's price is now trading above the $1640 and the 100 hourly simples moving average it is also above the 75.4% FIB retracement level of the decline from the $1665 swing high to the $1597 low. 

The price is facing resistance near the $1665 level a close above the $1700 resistance zone may start a steady increase toward the $1710 level. 

The live Ethereum price today is $1,650.74 USD with a 24-hour trading volume of $7,502,322,833 USD. ETH to USD price in real-time. Ethereum is up 1.33% in the last 24 hours. The current CoinMarketCap ranking is #2, with a live market cap of $202,006,909,525 USD. It has a circulating supply of 122,373,866 ETH coins.

The Ethereum price statistics indicate that the price of ETH has increased by $22.26, equivalent to a 1.37% change in the last 24 hours, with a 24-hour low of $1,601.55 and a 24-hour high of $1,656.79, while maintaining a market dominance of 18.72%.

ETH's 7-day low is $1,567.63 and 7 day high is $1,674.60 with 58196.51% Ethereum ROI. 

If Ethereum fails to pass the $1665 resistance level, it could start a fresh decline and initial support on the downside is near the $1640 level.

What do you think Ethereum will rise comment below 

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