Ethereum Price Analysis: ETH/USD Could Rebound In Short Term

Key HighlightsETH price retested the $100 support area and recovered slightly against the US Dollar.
Yesterday’s important bearish trend line is intact with resistance at $110 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could correct higher in the short term towards the $114 and $118 resistance levels.Ethereum price is slowly moving higher against the US Dollar and bitcoin. ETH/USD could test the key $118 resistance area in the short term.
Ethereum Price Analysis
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