- ETH/USD has traded tremendously high to $133 over the last 24 hours
- Ethereum shows bullish signs above $135, and it may soon breach the crucial resistance at $140
- If it cracks $140 price mark, the coin may trade up to $150
- On the downside, ETH may find the next support around $130, $126 & $117
The second-largest coin of the market, Ethereum (ETH), has also managed to pioneer the way to overall market recovery. Over the last 24 hours, it has been escalated by 9.91%, and the value has crossed $133 comfortably. This bullish rally may stay here for some more days. As per the current momentum, ETH may continue upward movement, but around $140, it may face hurdles.
ETH Price Analysis
Yesterday, Ethereum opened the day at $121.70, and over the next 13 hours, it gathered momentum and added a massive escalation of 13.25% and touch $137.83. However, from this high, ETH price fell by a 7.38% decline that pulled the value down by $10.18 and confined it to $127.74.
Further, the currency was followed by another hike of 7.10%, and it pushed the price of Ethereum to $136.84 by 03:15 UTC today. At the time of writing this analysis, the coin traded without having any support from short-term moving averages. MACD indicator reflects the possibility of moderate downward correction as Its Signal line has overlapped the MACD line. However, as per the current bullish momentum, the Ethereum price may reflect consolidation before making any steep movement.