Ethereum Price Pumps Over 10% and Drags Crypto Market Higher, $2,200 Next?

Ethereum price started a fresh rally above the $2,000 resistance against the US Dollar. ETH is up over 10% and might rise further toward $2,200.Ethereum Price Starts Fresh RallyEthereum’s price remained strong after it settled above the $1,900 resistance zone. There was a break above a key contract…

Highlights

• ETH is up over 10% and might rise further toward $2,200.
• Bitcoin struggled to catch up but later it broke the $30,250 resistance and climbed toward $31,000.
• There was a break above a key contracting triangle with resistance near $1,925 on the hourly chart of ETH/USD (data feed via Kraken) The price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the.1,855 swing low to the $2.130 high.
• A clear bullish wave triggered and dragged the price above the.$2,080 resistance.
• Initial support on the downside is now forming near the.

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