TA: Ethereum seems unstoppable, here's how ETH can prolong the rally.

Ethereum remained in the positive zone and traded at a new high of over $ 2,750 against the US Dollar. ETH price corrects gains, but dips are likely limited to less than $ 2,650. Ethereum pushed its rise above the $ 2,700 and $ 2,740 resistance levels. The price is currently trading well above $ 2,650 and the 100 hourly simple moving average. A major bullish channel is forming with support around $ 2,640 on the hourly chart of ETH / USD (data streaming via Kraken). The pair is likely to begin to move higher above the $ 2,750 resistance area in the near term. Ethereum Price Seeks More Profit Ethereum is on an uptrend above the $ 2,600 pivot level. ETH even cleared resistance at $ 2,720 and stabilized well above the 100 hourly easy moving average. It traded at an all-time high of $ 2,764 before starting a downward correction. There was a break below the $ 2,720 and $ 2,700 levels. Ethereum is currently trading below the 23.6% Fib retracement level of the $ 2560 to $ 2764 bearish wave. It is still trading well above $ 2,650 and the hourly simple moving average of $ 100. A great ascending channel is also forming. Support near $ 2,640 on the hourly chart of ETH / USD. Source: On TradingView.com, the ETHUSD Channel support rose from the low $ 2560 low to $ 2764 near the 50% Fib retracement level of the last wave. On the upside, the price faces resistance at the $ 2750 and $ 2760 levels. A successful close above the $ 2,760 area could set the tone for more gains. The next major resistance is near the $ 2800 level, above which the price could rise towards the $ 2880 level. The bulls' primary target could be near the $ 3,000 level. Are the drops in ETH limited? If Ethereum fails to push gains above $ 2,750, there could be a downside correction. Instant support is near the channel trend line or at $ 2,650. A downside break below the channel support could move the price towards the $ 2,600 support. I've lost more

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