Ethereum Price Bulls Hold Strong, Indicators Suggest Fresh Rally To $1,400

Ethereum price boost defended the $1220 support level against the US Dollar. ETH is rising and may be a strong bullish wave above the $1300 resistance level.

Ethereum remained well bid and strong above the $1220 zone the price is currently trading above $1250 and the 100 hourly simple moving average.

There was a break above a major bearish trend line with resistance near the $1245 hourly graph of the ETH/USD pair.

The pair is showing a positive signal and my eye is on an upside break above the $1300 resistance level.

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