RATE Group | Ethereum Overwhelmingly Bullish And $145 Is Imminent, Here’s Why
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Ethereum Overwhelmingly Bullish And $145 Is Imminent, Here’s Why

05 Jan Ethereum Overwhelmingly Bullish And $145 Is Imminent, Here’s Why

Posted at 06:26h in Bitcoin News by

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  • ETH price is gaining bullish momentum above the $132 resistance against the US Dollar.
  • The price is trading above $135 and it recently traded to a new 2020 high.
  • There was a break above a key declining channel or bullish flag with resistance near $130 on the 4-hours chart of ETH/USD (data feed via Kraken).
  • The pair is likely to accelerate gains above the $140 and $142 resistance levels.

Ethereum is surging above key hurdles against the US Dollar, similar to bitcoin. ETH price seems to be aiming a clear break towards the $145 and $150 resistances.

Ethereum Price Going To $145

This past week, Ethereum extended its decline to test the $125 support against the US Dollar. A strong support base formed near $125, resulting in a steady rise above the $128 resistance.

Additionally, the price surpassed the 50% Fib retracement level of the key decline from the $138 high to $125 low. It opened the doors for more gains above $130 and the 100 simple moving average (4-hours).

More importantly, there was…

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