The ETH technical analysis indicates an upward momentum as the token breakout multiple resistant levels, with several lower price rejections, moving above the 50-day EMA. After dropping 1.49% on November 3 reaching the level of $1,503 due to a hike in interest rates by the Fed Reserve, Ethereum (ETH) price has regained the bull cycle, rising above $1550 on Friday. Currently trading at $1563.14 as of publishing this article ETH price has rebounded 1.89% in the last 24 hours with a daily high price of $1,582.90. It is since September 12 that the ETH price has crossed the price point The post ETH Technical Analysis: Ethereum Rebounds to Maintain Uptrend appeared first on Cryptoknowmics-Crypto News and Media Platform.
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