Ethereum is up close to 4% and it surpassed the $240 resistance zone against the US Dollar. ETH price is likely to continue higher towards the $250 and $255 resistance levels.
Ethereum reversed losses and climbed back from the $230 support zone.
The price is now trading comfortably above the $240 pivot level, with a positive bias.
There is a rising channel forming with support near $242 on the…