Ethereum started a downside correction from the $148 resistance versus the US Dollar, similar to bitcoin from $8,450. However, ETH price is still in an uptrend unless there is a close below $135.
- Ether price corrected lower after it failed to bounce from the $142 support against the US Dollar.
- The price is currently finding support near the $138 level.
- This week’s followed bullish trend line was breached with support near $142 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair is still in an uptrend and likely to rise again unless the bears push it below $135.
Ethereum Price Holding Support
After a steady rise, Ethereum found resistance near the $148-$150 zone against the US Dollar. As a result, ETH price started a downside correction below the $145 and $142 support levels.
Besides, bitcoin is down more than 5% and it failed to stay above the $8,100 and $8,080 support levels. On the other hand, ripple price is still holding the $0.2050 and $0.2000 support levels.
During the recent slide, this week’s followed bullish trend line was breached with support near $142 on the hourly chart of ETH/USD. Ethereum price even declined below the $138 support and the 100 hourly…
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Author: Aayush Jindal