Ethereum Price Analysis: ETH Eyeing More Upsides Above $240

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Ethereum price gained bullish momentum above the $212 and $220 resistances against the US Dollar. ETH price is currently consolidating gains after it traded towards the $236 level. There is a crucial ascending channel forming with support near $224 on the 4-hours chart (data feed from Coinbase). The price is likely to climb above $235 and $240 as long as it is above the $220 support area. Ethereum price is trading with a bullish bias above $220 against the US Dollar. ETH price could continue to rise towards $240 and $250 in the coming days. Ethereum Price Analysis In the past few days, there was a steady rise from the $197 swing low in Ethereum price against the US Dollar. The ETH/USD pair broke many important resistances near $210 and $212 to move into a positive zone. Moreover, there was a close above the $220 level and the 55 simple…

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