Ethereum Price Upside Heats Up — $2,500 Barrier in Focus

Ethereum price started a major increase above the $2,350 zone. ETH is now showing positive signs and might aim for more gains above $2,380. Ethereum started a steady upward move above the $2,320 zone. The price is trading above $2,320 and the 100-hourly Simple Moving Average. There is a contracting triangle forming with resistance at $2,340 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it clears the $2,380 zone. Ethereum Price Aims Fresh Gains Ethereum price extended its upward move after it cleared the $2,250 zone, like Bitcoin. ETH price was able to clear the $2,320 resistance zone. The bulls pushed the price above $2,350 and $2,365. A high was formed at $2,385, and the price recently started a minor downside correction. There was a drop below the 23.6% Fib retracement level of the recent upward move from the $2,062 swing low to the $2,385 high. Ethereum price is now trading above $2,300 and the 100-hourly Simple Moving Average. There is