ETH price remained well bid above the key $300 support area against the US Dollar.
The price is currently moving higher and is placed nicely above the $310 pivot level.
There is an ascending channel forming with support near $309 on the hourly chart of ETH/USD (data feed via Kraken).
Bitcoin price is also gaining momentum and it could trade further above $11,500.
Ethereum price is slowly gaining traction above $310 versus the US Dollar, whereas consolidating vs bitcoin. ETH price is likely to break the $320 and $325 resistance levels in the near
This post is an exerpt of an original post published on News BTC. All copyrights about images and text belong to their respective owners.Click the above button to read the original post.