Ethereum traded to a new all-time high near $1,870 before correcting lower against the US Dollar. ETH price is holding gains and it is likely to accelerate higher towards $2,000.
- ETH price traded in a strong uptrend and climbed above $1,850 lower against the US Dollar.
- The price is trading nicely above the $1,750 level and the 100 simple moving average (4-hours).
- There is a major bullish trend line forming with support near $1,800 on the 4-hours chart of ETH/USD (data feed via Kraken).
- The pair is likely to continue higher above the $1,850 and $1,900 levels in the coming sessions.
