Ethereum is holding the key $1,150 support against the US Dollar. ETH is rising and might even clear the $1,250 resistance zone in the near term.
- Ethereum corrected lower, but the bulls were active near $1,150.
- The price is now trading above $1,180 and the 100 hourly simple moving average.
- There is a key bearish trend line forming with resistance near $1,195 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could rise steadily if it clears the $1,200 and $1,230 resistance…
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