Ethereum (ETH) Price Showing Positive Signs Above 100 SMA

Ethereum (ETH) Price Showing Positive Signs Above 100 SMA | NewsBTC

ETH price declined towards the $160 support against the US Dollar, where buyers took a stand. The price recently recovered and traded above the $165 and $166 resistance levels. There was a break above a contracting triangle with resistance at $164 on the hourly chart of ETH/USD (data feed via Kraken).