Ethereum price climbed higher above the $2,450 resistance. ETH outpaced Bitcoin and seems to be setting up for a larger increase toward $2,880.
Ethereum is gaining pace above the $2,450 resistance level.
The price is trading above $2,500 and the 100-hourly Simple Moving Average.
There was a break above a key rising channel with resistance near $2,440 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is already up over 5% and might rise further above the $2,650 resistance.
