#moves higher

Ethereum Price Analysis: ETH/USD Could Correct Towards $240

Key Highlights

ETH price found support near the $209 level and later corrected higher against the US Dollar.

There was a break above a short-term bearish trend line with resistance at $226 on the hourly chart of ETH/USD (data feed via Kraken).

The pair is likely to extend the current correction towards the $238 and $240 resistances.

Ethereum price is slowly correcting higher against the US Dollar…

Ripple Price Analysis: XRP/USD Broke Key Support at $0.4270

Key Highlights

Ripple price failed to hold an important support at $0.4270 and declined against the US dollar.

There is a new connecting bearish trend line formed with resistance at $0.4270 on the hourly chart of the XRP/USD pair (data source from Kraken).

The pair may correct a few points, but the broken supports at $0.4200 and $0.4270 could prevent gains.

Ripple price moved into a bearish zone…