{"id":452719,"date":"2020-12-21T05:28:39","date_gmt":"2020-12-21T05:28:39","guid":{"rendered":"https:\/\/ktsl888.com\/?p=452719"},"modified":"2024-06-11T14:12:10","modified_gmt":"2024-06-11T14:12:10","slug":"ethereum-eth-leg-higher-over-650","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-eth-leg-higher-over-650\/","title":{"rendered":"TA: Why Ethereum (ETH) Looks Set For Another Leg Higher Over $650"},"content":{"rendered":"
Ethereum corrected lower, but it remained well bid above $625 against the US Dollar. ETH price is currently rising and it looks set for a surge above the $650 resistance.<\/em><\/p>\n
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Ethereum is trading nicely above the $620 and $630 support levels.<\/li>\n
The price is back above the $640 level and the 100 hourly simple moving average.<\/li>\n
There is a key bullish trend line forming with support near $625 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair is showing a lot of positive signs and it could soon rally above $650.<\/li>\n<\/ul>\n
Ethereum Price is Showing Positive Signs<\/h2>\n
After struggling to clear the $660 resistance level, Ethereum\u2019s ether corrected lower below the $650 level. ETH traded below the $640 level and it even spiked below $630.<\/p>\n