June 20 (Cointime) - The price of Ethereum is exhibiting positive signs above $1,700 against the US Dollar and may gain bullish momentum if it surpasses the $1,750 resistance zone. Ethereum is gradually increasing above the $1,700 and $1,720 resistance levels, trading above $1,720 and the 100-hourly Simple Moving Average.

A key bullish trend line is forming with support near $1,718 on the hourly chart of ETH/USD, and the pair may rise further above the $1,750 and $1,765 resistance levels. However, failure to clear the $1,750 resistance could lead to another decline, with initial support on the downside near the $1,720 level and the trend line.