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.
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