Ethereum Price Weekly Analysis: ETH Sets New 2019 High, Eyes $175

ETH price finally broke the $149 and $150 resistance levels and gained pace against the US Dollar.
The price traded above the $160 resistance and formed a new 2019 high above $165.
There is a major bullish trend line formed with support near $148 on the 4-hours chart of ETH/USD (data feed via Kraken).
The pair remains in a strong uptrend and it could accelerate towards the $175 level in the near term.Ethereum price gained bullish momentum above key resistances versus the US Dollar and Bitcoin.