Ethereum has kicked off a new upward trend, breaking past the $1,750 resistance level. The cryptocurrency is currently consolidating its gains and appears to be gearing up for a potential move above the $1,840 resistance.
ETH has initiated a rally beyond the $1,750 mark.
It is now trading above $1,720 and the 100-hourly Simple Moving Average.
A bullish trend line is forming with support near $1,780 on the hourly ETH/USD chart (based on Kraken data).
A clear break above the $1,820 resistance could trigger another strong upward move.
