Ethereum Price Analysis: ETH/USD Turned Buy on Dips Near $112

Key HighlightsETH price climbed above $120 and traded towards the $125 resistance level against the US Dollar.
There was a break below a connecting bullish trend line with support at $119 on the hourly chart of ETH/USD (data feed via Kraken).
The pair remains well supported on the downside near the $112 level and the 100 hourly SMA.Ethereum price climbed higher recently against the US Dollar and bitcoin. ETH/USD topped near $125 and later started a downside correction.
Ethereum Price Analysis
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