Ethereum price is showing positive signs versus the US Dollar and Bitcoin. ETH/USD could gain further with supports on the downside at $800 and $782.
There was a sharp upside move from the $620 support zone in ETH price against the US Dollar. The price started rallying and moved above the $650, $680 and $720 resistance levels.
Buyers took control and the price even climbed above the $800 level. The current uptrend is very strong with swing supports around the $800 and $660 levels.
The recent high was formed at $833.56 from where the price started a downside correction. It is still trading above the $800 level with many positive signs.
There is also an ascending channel with support at $800 on the 4-hours chart of ETH/USD. Below the channel support, the 23.6% Fib retracement level of the last wave from the $621 low to $838 high is at $783. Read more from altcointoday.com…
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