Ethereum Price Analysis: ETH Bullish In Short Term Above $106

ETH price recovered recently and broke the $105, $106 and $109 resistance levels against the US Dollar.
Yesterday’s highlighted important bearish trend line was breached with resistance near $106 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is now placed nicely above the $106 level and it could recover towards the $113 or $114 level.Ethereum price started a short term correction against the US Dollar and bitcoin. ETH/USD remains supported for a recovery towards the key