Key Highlights
- Ethereum price continued to gain bids against the US Dollar and closed above the $12.00 resistance level.
- Yesterday’s idea of buying dips worked perfectly, as the ETH bulls defended the downside move.
- There is a new bullish trend line formed on the hourly chart (data feed via Kraken) of ETH/USD, which is acting as a support area for the pair.
Ethereum price retained its bullish bias against the US Dollar, and my yesterday’s idea did well. Now, can ETH/USD trade further higher?
Major Support Level – $12.10
Major Resistance Level – $12.60
