Ethereum Just Broke $135 and Primed To Test $150: Here’s Why

It broke the 23.6% Fib retracement level of the recent rally from the $129 swing low to $139 high. On the downside, the previous resistance near the $135 level is now likely to act as a major support area for Ethereum in the near term.

An intermediate support is the 50% Fib retracement level of the recent rally from the $129 swing low to $139 high. The first major resistance is near the $142 level, above which the bulls are likely to aim a test of $145 or even $150.

Timeline of Ethereum