Ethereum Price Analysis: ETH/USD Turned Bullish Above 100 SMA

Key HighlightsETH price traded further higher and broke the $198 resistance against the US Dollar.
This week’s followed important bearish trend line was breached with resistance at $197 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could dip a few points, but it is likely to find support near $196 and the 100 hourly SMA.Ethereum price is slowly moving higher against the US Dollar and bitcoin. ETH/USD may perhaps recover further towards the $203 resistance in the near term