- Ethereum price surged higher this past week and broke the $175 and $182 resistances against the US Dollar.
- ETH traded as high as $187 and later started a downside correction below the $180 level.
- There is a crucial bullish trend line in place with support at $172 on the 4-hours chart (data feed from Coinbase).
- The price remains in a decent uptrend and it could resume its upward move as long as it is above $170.
Ethereum price is trading with bullish moves above the $170 support against the US Dollar. ETH could bounce back and trade towards the $185 and $190 resistance levels in the near term.
Ethereum Price Analysis
This past week, we saw a solid bullish moves in Ethereum price above the $144 resistance against the US Dollar. The ETH/USD pair formed a strong support base above the $144 level and later rallied above the $158 resistance. There was even a close above the $158 level and the 55 simple moving average (4-hours). The price climbed higher sharply above the $165, $175 and…
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