Ethereum Price Weekly Analysis: ETH Skyrockets, Dips Remain Supported

ETH price formed a solid support at $100 and started a strong uptrend against the US Dollar.
There was a break above a crucial bearish trend line with resistance at $104 on the 4-hours chart of ETH/USD (data feed via Kraken).
The pair traded as high as $122 and it is currently consolidating gains with range moves.Ethereum price climbed higher sharply versus the US Dollar and Bitcoin. ETH/USD is now placed in a bullish zone above the $114 and $112 support levels in the near term.
Ethereum Price