News Headlines:

1. Indian central bank clarifies regulations as local banks shun crypto
2. 2 Bitcoin price indicators suggest BTC has not bottomed yet. 
3. 0x launches DEX liquidity API on Polygon 
4. RavenX (RX) charity token donates over $1M to Binance Charity 
5. Chinese traders turn to OTC desks amid regulatory crackdown

Ethereum gained pace above the $2,550 resistance zone against the US Dollar. ETH price is trading in a positive zone and it could rally if it breaks the $2,750 resistance.

• Ethereum is slowly moving higher and it broke the key $2,500 resistance zone.
• The price is now trading well above $2,500 and the 100 hourly simple moving average.
• There is a key rising channel forming with support near $2,640 on the hourly chart of ETH/USD (data feed via BuyUcoin).

Source: Crypto Labs| (BuyUcoin)