Ethereum (ETH) In Corrective Increase But Downtrend Intact

Ethereum is currently correcting higher from the $132 low against the US Dollar.
Bitcoin price is also recovering and it is now trading above the $7,000 level.
Yesterday’s major bearish trend line was breached with resistance near $145 on the hourly chart of ETH/USD (data feed via Kraken).
The price is likely to correct further higher, but the $155 resistance is likely to act as a hurdle.Ethereum price is showing signs of an upside correction versus the US Dollar, similar to bitcoin. ETH