Ethereum Just Broke $135 and Primed To Test $150: Here’s Why

Ethereum is trading with a bullish angle and it recently surpassed the $135 resistance against the US Dollar. ETH price is likely to continue higher towards $145 and $150.

  • Ethereum is up more than 3% and it broke the main $135 resistance against the US Dollar.

  • The price is now trading in a bullish zone and it could continue higher towards $145 or $150.

  • There is a key bullish trend line forming with support near $131 on the hourly chart of ETH/USD (data feed via Kraken).

  • Bitcoin also gained traction and it rallied more than 5% to trade above $6,600.

Ethereum Price Gaining Bullish Momentum

This week, we discussed the importance of the $135 resistance for Ethereum against the US Dollar. ETH price made a few attempts to clear the $135 hurdle and it recently succeeded. After trading as low as $128.85, the bulls came into the action. They pumped the price above the $135 resistance and the 100 hourly simple moving average. The upward move was strong and the price traded towards the $140 level. Read more...

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