ETHUSD bullish bias above $130.00
Ethereum is attempting to recover higher on Thursday as buyers continue to defend the major weekly technical support area. The second largest cryptocurrency by market capitalization retains its short-term bullish bias while trading above the important $130.00 level. Overall, a sustained break from the $130.00 to $147.00 price range will need to occur before the next strong directional move can happen.
The ETHUSD pair is bullish while trading above the $130.00 level, key resistance is found at the $147.00 and $160.00 levels.
If the ETHUSD pair trades below the $130.00 level, key support is found at the $122.00 and $106.00 levels.