Ethereum price started a recovery wave above $2,950. ETH is now consolidating and might soon attempt another recovery wave if it clears $3,050.
Ethereum started a decent upward move above the $2,950 zone.
The price is trading above $2,950 and the 100-hourly Simple Moving Average.
There was a break above a bearish trend line with resistance at $2,920 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to move up if it settles above the $3,050 zone
ETHUSDT
Perp
3,053.79
+1.84%