Ethereum has been zooming up on its charts over the past few days. In the last seven days, the altcoin posted double-digit gains as it secured a 20% increase in market value. Post the dip, Ethereum along with other major coins have followed similar kinds of price movement. At the time of writing, ETH was valued at $3230.12. Price action was considerably bullish today after weeks of consolidation as displayed by Ethereum. The altcoin toppled over its support level of $3085.60 and was seen hovering around the $3200 price level. Indicators pointed towards a bullish price action with possibilities of ETH moving further on the upside to test its immediate resistance levels. Ethereum Soars By 20% In The Last Week With Bitcoin recovering on its charts, the broader market displayed strength. Major altcoins have also witnessed increased buying strength. In the case of Ethereum, buyers have flocked the market and have also occasionally pushed ETH to an overvalued and overbought territory. Ethereum has breached resistance levels one after the other which has shot up investors’ interest and confidence in the past week. Sustained buying strength could make ETH eye its immediate price ceiling of $3400. ETH has managed to surge 50% since January’s price dip. Price Analysis: ETH/USD Four-Hour Chart On the four-hour chart, ETH had displayed an upward price action over the past week. At press time, the most popular altcoin was price...
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