Ethereum is forming a base above the $1,265 level against the US Dollar. ETH could start a steady increase if there is a clear move above the $1,300 resistance zone. Ethereum is holding the main breakdown support at $1,265. The price is now trading below $1,310 and the 100 hourly simple moving average. There is a new connecting bearish trend line forming with resistance near $1,295 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent upward move if there is a clear move above $1,300 and $1,320. Ethereum Price Remains Supported Ethereum attempted a fresh increase above the $1,300 level, similar to bitcoin price. ETH struggled to gain pace for a move above the $1,320 level. The price traded as high as $1,310 and started a fresh decline. There was a move below the $1,300 support zone. It retested the $1,265 support zone. A low is formed near $1,270 and the price is now consolidating losses. Ether price is now trading below $1,310 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $1,290 level. It is near the 50% Fib retracement level of the downward move from the $1,310 swing high to $1,270 low. Source: ETHUSD on TradingView.com The first major resistance is near the $1,295 level and the 100 hourly simple moving average. There is also a new connecting bearish trend line forming with resistance near $1,295 on the hourly chart of ETH/USD. A clear upside break ... For Further Information Click on Below Button