Ethereum price has rallied yet again in the last 24 hours. ETH has demonstrated an 8% jump over the past day. This has made the altcoin break past a few trading levels and now flipped them into support lines. The altcoin was quite bullish at the time of writing. In just one week, the coin gained more than 20%, turning the price action bullish. The technical outlook of Ethereum was also leaned towards the bulls as demand for the altcoin turned heavily positive at the time of writing. As a result, buying strength also turned optimistic at the time of writing. Ethereum can target the $1,700 resistance mark only if the bulls can maintain the price above Ethereum’s immediate resistance mark. If the bulls lose steam, the coin could again start to trade near the $1,500 price zone. The coin could witness a sell-off at the $1,690 resistance mark. If the bulls manage to overturn the $1,690 level, then this could be the start of a broader trend change. Buying strength and wider market strength remain vital for Ethereum. Ethereum Price Analysis: One Day Chart ETH was trading at $1,620 at the time of writing. The coin had struggled to move past the $1,500 price mark over the last few weeks. The recent bullish force has helped Ethereum topple above a number of resistance levels. As Ethereum continues to remain quite favorable, the jump to $1,700 could be possible if the coin breaks past the immediate price ceiling of $1,630. It can ex...
