-Bitcoin news, price, information & analysis Ethereum price is trading with a positive angle versus the US Dollar and Bitcoin. ETH/USD eyes further upsides and a break to a new monthly high.
There were swing moves this past week above $600 in ETH price against the US Dollar. The price traded as high as $714.52 before starting a downside correction.
It faced a strong selling interest, which pushed the price below the $680 and $640 support levels. There was also a break below the 23.6% Fib retracement level of the last bullish wave from the $486 low to $714.
It opened the doors for more losses and the price tested the $600 support zone. However, losses were protected by the $600 support zone.
More importantly, a monster bullish trend line with current support at $660 on the 4-hours chart of ETH/USD also acted stopped losses. The pair jumped higher once again and moved above $640 and $660. Read more from newsbtc.com…
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