Ethereum found support near $1,735 and corrected higher against the US Dollar. ETH is now facing a major resistance near $1,885 and $1,920. Ethereum is slowly moving higher and trading above $1,850. The price is now trading above $1,860 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,840 on the hourly chart of ETH/USD (data feed via Kraken). The pair might rise steadily if there is a clear move above the $1,920 resistance zone. Ethereum Price Climbs Higher Ethereum spiked below the $1,760 support zone. However, ETH remained well bid above the $1,720 level. A low was formed near the $1,734 and the price started a fresh increase. There was a clear move above the $1,800 and $1,820 levels. Besides, there was a break above a major bearish trend line with resistance near $1,840 on the hourly chart of ETH/USD. Ether price is now trading above $1,860 and the 100 hourly simple moving average. It is now attempting a move above the 50% Fib retracement level of the downward move from the $2,015 swing high to $1,734 low. On the upside, an initial resistance is near the $1,885 level. Source: ETHUSD on TradingView.com The next major resistance is near the $1,910 and $1,920 levels. It is near the 61.8% Fib retracement level of the downward move from the $2,015 swing high to $1,734 low. A clear move above the $1,920 resistance might start a decent increase. In the stated case...
