Summary: Ethereum price is currently in a bullish momentum against both Bitcoin and USD. ETH might test $140 support before starting to rise again.
ETH price momentum was bullish this week as Ethereum found good support around $137 which helped in the upward momentum. The buyers pushed the price above $140 and $142 resistance levels and Ethereum was able to close successfully over $140 and 100 hourly SMA. Further Ethereum even broke through the $144 resistance zone and even tested the $146 level after which the price started to correct downwards.
The price fell below $142 support level, however, the $139 and $140 support proved strong. Also, there is a bullish pattern line formed with support around $140 on the hourly chart. Currently, Ethereum price is testing the resistance around $142.
As long as Ethereum remains above $140 support, there are chances of another bullish spike, however, if ETH price falls below $140 and $139 support, it might turn bearish.
The chart shows that ETH is currently in a bullish trend, however, the buyers need to maintain support around $140. Etherum is currently facing two major resistances around $142 and $144 above which there are chances that ETH might test $150 resistance level soon.
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