Ethereum Price at Likely Major Turning Point

December 27, 2019

The price of ETH/USD has attained key uptrend supports. It needs to establish a level over $130 to begin a new increase in the near term.

The price rallied following the formation of a support base close to $123 and $125. It was able to move beyond hurdles at $128 and $130.

Further, a look at the hourly chart of ETH against the USD shows that there was a breach of the key selling trend line of the week with hurdle close to $126. It visited the hurdle at $132, but could not remain over the 100 hourly SMA. Visit above link for more details.

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