TA: ethereum (ETH) beats bitcoin, why bulls want more growth

Ethereum is over 5% and has overcome resistance of $ 2,400 against the US dollar. The price of ETH has surpassed Bitcoin, and there seems to be a big chance of a win over $ 2450.

Ethereum launched a new growth and managed to break the resistance zone of $ 2320.
The price is now well above the $ 2,300 trading level and the 100-hour simple moving average.
There is a big upward trend line on the hourly ETH / USD map with support for $ 2340 (data stream via kraken).
The pair can be adjusted to lower levels, but bulls will likely remain active around $2390 and $2350.

Ethereum prize gains momentum
Ethereum has built up a support base of over $ 2250 and started new growth by beating bitcoin. The price of ETH strengthened, breaking major resistance levels of $ 2300 and $ 2320.

The price rose above the $ 2400 level and the 100-hour simple moving average. That opened the doors for more profit, with the price trading at $ 2,450. It is currently trimming its $ 2450 resistance zone earnings. Ether is nearing the 2% Fibonacci correction of the wave, which rose from a Tuesday low of $ 23.6 to a high of $ 2,303 to a high of $ 2,451.

The first big support is near the $2390 and $ 2380 levels. The upward wave is near 50% of the Fibonacci correction level, from a Tuesday level of $ 2,303 to a high of $ 2,451. The ETH / USD hourly chart also has a large upward trend line with support around $ 2340.

Source: ETHUSD-on TradingView.com
The next big boost is near the $ 2280 level and 100-hour simple moving average. A marked drop below the $ 2280 support area could see the price reach $ 2,200 support.

More profit ETH?
If Ethereum remains steady at $ 2340, it could continue to grow in the near term. The immediate upward resistance is near the $ 2450 level.

A Net breakout and a close above $ 2450 could start with New sustained growth. In this case, the price can easily rise to the level of $ 2500. Next key resistance is close to $ 2550 above price

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