Ethereum Gearing For Another Lift-Off to $155: Rally Isn’t Over Yet

Ethereum rallied recently above the $135 and $140 resistance levels against the US Dollar.
 ETH price remains well supported and it could rise again towards $150 and $155.
Ethereum is showing a lot of positive sign and it is trading above $140 against the US Dollar.
The price tested the $150 resistance and corrected lower towards $140.


There is a major bullish trend line forming with support near $132 on the hourly chart of ETH/USD (data feed via Kraken).
The pair seems to be eyeing another bullish wave towards the $150 and $155 levels in the near term.

Ethereum Price Breaks Key Hurdle

 Yesterday, we saw a crucial bullish break above the $135 resistance for Ethereum against the US Dollar.
ETH price moved into a bullish zone, resulting in more upsides above the $140 resistance.
The price rallied more than 5% and broke the $142 resistance level.


The upward move was such that the price climbed above the $145 level and settled well above the 100 hourly simple moving average.
Ethereum tested the next major resistance near the $150 level and recently corrected lower.
 There was a break below the 23.6% Fib retracement level of the recent surge from the $129 low to $150 high.
The price declined below the $142 level, but the $140 area acted as a strong support.
Besides, the 50% Fib retracement level of the recent surge from the $129 low to $150 high is also acting as a decent support.

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