June 21 (Cointime) - The price of Ethereum is displaying positive signs above $1,770 against the US Dollar and could gain bullish momentum if it clears the $1,820 resistance zone. Ethereum is currently trading above $1,770 and the 100-hourly Simple Moving Average, with a major bullish trend line forming with support near $1,735 on the hourly chart of ETH/USD.

The pair could potentially rise further above the $1,820 and $1,850 resistance levels, with the next major resistance sitting near $1,920 and the possibility of reaching the $2,000 level. However, if Ethereum fails to clear the $1,820 resistance, it could start a downside correction with initial support near the $1,770 level.