Ethereum price has already exceeded the 12-day moving average following the rejection at the critical support near 1200. Currently, the price is testing the dynamic resistance at 50-SMA on the daily chart. <\/li>
Zak expects ETH to extend the current bullish momentum and exceed the 50-day moving average. \"Let's say it breaks resistance at 1400 near the 50-day, I mean, it was quite simple, almost as simple as it can be, but for a 50-day moving average, it still may play as a strong resistance,\u201d he stated. <\/li>
The price must exceed the 200-day moving average to extend the upside movement. Besides, market experts will closely watch how the price behaves near the upcoming resistance at 1750 and 2040.<\/li><\/ul>\n\n\n\n