Ethereum Price Technical Analysis – ETH/USD Soars Above $105

Key Highlights

  • There was a sharp rise in ETH price, as it broke the $100 and $105 levels against the US Dollar.
  • There was a break of a nice bullish pattern with resistance at $102 on the hourly chart (ETH/USD, data feed via SimpleFX).
  • The price is currently trading with a lot of positive bias, and may soon break $110.

Ethereum price gained heavy bids during the past few hours against the US Dollar and Bitcoin, and ETH/USD broke an important level at $100.

Ethereum Price Upside Surge

Yesterday, we discussed that ETH price can dip towards $87-85 before it makes an upside move against the US Dollar. The price made a minor correction, and later gained pace for a move above $90. The price broke many important resistance levels on the way up like $90 and $95. The most significant move was above $100. It looks like buyers are loving the party and enjoying ride above $100.

There was even a break above a major extension level at $105. This has opened the doors for more gains in the near term. The next level could be $110. Before the upside, there was a break of a nice bullish pattern with resistance at



Read more ... source: NewsBTC USA

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