Ethereum is consolidating above the $3,320 support against the US Dollar. ETH price must clear $3,450 to start a fresh increase in the near term.
- Ethereum is holding gains above the $3,320 support zone.
- The price is now trading above $3,320 and the 100 hourly simple moving average.
- There is a key contracting triangle forming with resistance near $3,415 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could start another increase if it clears the $3,435 and $3,450 resistance…
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