Ethereum Price Surges and Tests Key Resistance of $1,750
Following the upward momentum of Bitcoin against the US dollar, the price of Ethereum has started to increase significantly. Currently, ETH is rising and is on the verge of testing the crucial resistance level of $1,750.
The price of Ethereum has experienced a decent increase, surpassing the resistance level of $1,650. Additionally, it is currently trading above $1,660 and the 100-hourly Simple Moving Average. On the hourly chart of ETH/USD, a key bullish trend line is forming with support near $1,645. However, the pair may face strong resistance near the $1,750 level as it continues to climb higher.
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