Ethereum Topside Bias Vulnerable Unless ETH Surges Past $240
Ethereum seems to be consolidating above the $232 and $230 support levels against the US Dollar. ETH price must break the $238 and $240 resistance levels to start a fresh increase.
- Ethereum is currently stuck in a range and trading near the 100 hourly simple moving average.
- The price must stay above the $232 and $230 support levels to avoid a bearish reaction.
- There is a major ascending channel…
