Ethereum Price Analysis: ETH/USD Signaling Positive Bias Above $130

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Ethereum Price Analysis: ETH/USD Signaling Positive Bias Above $130

Key Highlights

  • ETH price slowly recovered and moved above the $130 and $132 resistances against the US Dollar.
  • Yesterday’s major bearish trend line was breached with resistance at $132 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair is likely to climb towards the $151 resistance level in the near term.

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