Ethereum price rallied recently above the $133.65 and $137.50 resistance levels. ETH/USD is back in a positive zone and it could accelerate higher towards the $145.00 and $150.00 resistances.
- Ethereum price surged higher after it broke the key $127.65 and $133.65 resistances.
- ETH/USD is now following a bullish trend line with support at $137.00 on the 30-minute chart.
- The price could extend gains above $142.00 as long as it is trading above the $133.65 support.
Ethereum Price Analysis
The past two sessions changed the crypto market sentiment, with bullish moves in bitcoin, Ethereum, ripple, binance coin, EOS, litecoin, XLM and other altcoins. ETH/USD gained bullish momentum after it broke the key $127.65 and $133.65 resistance levels.
Click to Enlarge Chart
Looking at the 30-minute chart of ETH/USD, the pair started a solid upward move after it formed a support base near the $127.65 level. Buyers gained control and the price rallied above the $133.65 and $137.65 resistance levels.
There was even a close above the $135.20 pivot…