Ethereum started a consolidation phase above the $1,300 level against the US Dollar. ETH could start a fresh increase if there is a clear move above $1,350.
- Ethereum recovered above $1,300 and started a consolidation phase.
- The price is now trading above $1,310 and the 100 hourly simple moving average.
- There is a key declining channel forming with resistance near $1,340 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could start a fresh increase…
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