Ethereum Aiming For a Breakout Above $140
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Ethereum price bounces off support at $128 to tests the critical resistance at $140.
ETH/USD remains bullish while aiming for a breakout above $140 with buyers’ eyes glued on $150.
A slight dip under $130 on Wednesday bounced off new support at $128. The bullish action broke above the 50 Simple Moving Average and the 100 SMA in the 1-hour range. ETH/USD zoomed towards $140 but hit a wall at $138.97 (on Coinbase) cutting short the bullish momentum.
At the time of writing, Ethereum is trading at $137.11 following a 0.75%
growth on the day. The bulls are working on extending the leg above
$140 in anticipation of a breakout towards $150.
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