Why Ethereum Could Rally Further Above $3K

Ethereum found a strong support near the $2,300 zone against the US Dollar. ETH price is rising and might rally if it clears the $2,750 resistance zone.

  • Ethereum started a major increase above the $2,750 resistance zone.
  • The price is now trading above $2,900 and the 100 hourly simple moving average.
  • There is a major bullish trend line forming with support near $2,960 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could rally further above $3,000 if there is no downside…

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