Ethereum Price Analysis: ETH Breaks Key Resistance As Sellers Lose Control

ETH price rallied recently and recovered sharply above $121 and $126 against the US Dollar.
Yesterday’s highlighted important bearish trend line was breached at $121 on the hourly chart of ETH/USD (data feed via Kraken).
The pair tested the $130-132 resistance area and now it may correct a few points in the near term.Ethereum price jumped back above key pivot levels against the US Dollar and bitcoin. ETH/USD could continue to move higher towards $136 after a minor downside correction.
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