Ethereum is holding gains above the $3,000 pivot zone against the US Dollar. ETH price is likely to accelerate higher if there is a clear break above the $3,200 resistance zone.
- Ethereum is trading nicely above the $3,000 and $3,050 support levels.
- The price is now trading above $3,100 and the 100 hourly simple moving average.
- There is a major bullish trend line forming with support near $3,060 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair is likely to resume its rally once it clears the $3,200 resistance zone.
