Ethereum is gaining bullish momentum above the $145 resistance versus the US Dollar. ETH is likely to surge above the $148 and $150 resistance levels, while bitcoin already broke the key $8,400 resistance.
- Ether price is showing a lot of positive signs above the $142 and $145 levels against the US Dollar.
- It is currently trading near the key $148 and $150 resistance levels.
- There was a break above a major triangle resistance near $146 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could correct a few points, but it is likely to climb above the $150 barrier in the near term.
Ethereum Price Could Extend Gains
Recently, there was a fresh increase in bitcoin price above the $8,250 and $8,400 resistance levels. It helped Ethereum in climbing above the $145 resistance against the US Dollar.
Additionally, ETH price settled above the $145 level and the 100 hourly simple moving average. It even traded to a new weekly high and spiked above the $148 level.
More importantly, there was a break above a major triangle resistance near $146 on the hourly chart of ETH/USD. However, the bulls are still struggling to gain strength above the $148 and $150 resistance levels.
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Author: Aayush Jindal