Ethereum Price Analysis: ETH Turning Bullish, Targets Fresh Weekly Highs

ETH price gained traction and surpassed the key $138 resistance level against the US Dollar. The price formed a strong support near the $136 level before climbing above $138. This week’s major bearish trend line was breached with resistance near $138 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now trading nicely above the trend line and eyeing more gains above $140 and $142.

Ethereum price slowly moved above key resistances against the US Dollar and bitcoin. ETH...

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