Ethereum Price Analysis: ETH Gaining Momentum Above $375

Recently, Ethereum price found a strong buying interest near the $360 level against the US Dollar. There was a break above the $375 level and the price settled nicely above the 55 simple moving average (4-hours).

The price even broke the 50% Fib retracement level of the downward move from the $395 swing high to $362 swing low. Ether is now facing hurdles near the $384 level or the 61.8% Fib retracement level of the downward move from the $395 swing high to $362 swing low.

Timeline of Ethereum