Key Highlights
- Ethereum price stayed in the bullish zone vs the US Dollar, and it looks like it is consolidating before the next move.
- There is a bearish trend line formed on the hourly chart (data feed via Kraken) of ETH/USD, which is acting as a resistance for an upside move.
- A continuous failure to trade higher may call for a downside break in ETH in the short term.
Ethereum price is consolidating, and may be setting up for the next move. Will it move higher or break down vs the US dollar?
Intraday Support Level – $13.50
Intraday Resistance Level – $14.00
