- ETH price broke a few important resistance levels near the $134 level against the US Dollar.
- The price gained traction and settled above the $134 and $136 resistance levels.
- This was a break above a few continuation patterns near $133 and $136 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair is currently trading near the $139 resistance and it could continue to trade higher in the near term.
Ethereum price is gaining bullish momentum against the US Dollar and bitcoin. ETH is likely to break the $139, $144 and $146 resistance levels to move into a positive zone.
Ethereum Price Analysis
Yesterday, we discussed that ETH price remains supported for more upsides towards the $135, $137 and $140 levels against the US Dollar. The ETH/USD pair formed a solid support near the $133 level and later started an upside move. It broke the $134 resistance and settled above the 100 hourly simple moving average. It opened the doors for more gains and the price traded above the $135…
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