ETH At Short Term Bulls

ETH At Short Term Bulls – ETH price traded above the $103 support against USD. ETH/USD broke the resistance near the $105 and $106 levels. The upside move and railed the price near to $106. Globalxchange. Buyers pushed the price above 50% Fib retracement level of the last drop from $115 high. Global xchange.

Globalxchange. The daily chart shows that a dip is in view for the short term, but remains supported near $107 and $106. On the other hand, the price could take off and break the $113 and $114 resistance, where sellers might emerge. globalexchange. MACD for the pair is in the bullish zone and RSI is over the 50 level.