Ethereum extended its rally and it traded to a new all-time high above $3,520 against the US Dollar. ETH price is correcting gains, but it is likely to start a fresh rally above $3,400.
- Ethereum extended its rally above $3,500 and it traded to a new all-time high near $3,525.
- The price is now trading well above $3,200 and the 100 hourly simple moving average.
- There is a crucial breakout pattern forming with support near $3,260 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could either rally again above $3,400 or it might dive to test the $3,000 support.
Ethereum Price Signaling Fresh Rally
Ethereum remained in a strong uptrend above the $3,200 level. ETH outpaced bitcoin and it climbed above the $3,450 resistance zone to move further into a positive zone.