ETH price managed to stay above the $130 support level and recovered above $132 against the US Dollar.
There were swing moves near $130 before the price settled above the $132 pivot level.
This week’s important bearish trend line was breached with resistance at $131 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is now facing a solid resistance near the $134 level and it could extend gains in the near term.

Ethereum price spiked a few times higher against the US Dollar and bitcoin. ETH formed a solid support

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