Ethereum started a strong recovery from $2,800 against the US Dollar. ETH is back above $3,000 and eyes a major increase above the $3,035 resistance.
- Ethereum started a major recovery wave above $2,900 and $2,950.
- The price is now trading above $2,950 and the 100 hourly simple moving average.
- There was a break above a key bearish trend line with resistance near $2,950 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair must stay above the $2,980 support to accelerate further…
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