After a major drop in Ethereum, the $132 level acted as a decent support against the US Dollar. ETH traded as low as $132.10 and recently started an upside correction above the $140 zone. Moreover, there was a break above the $150 level and the price spiked above the 55 simple moving average (4-hours). However, the bulls failed to clear the $158 and $160 resistance levels. A high was formed near $158 and the price is currently trimming gains. It broke the 23.6% Fib retracement level of the upward move from the $132 low to $158 high. At the outset, the price is trading near the $148 support and the 55 simple moving ... (full story)