Ethereum Rallies 5%: Is This A False Breakout or Real Move To $200?

Ethereum Rallies 5%: Is This A False Breakout or Real Move To $200?

Ethereum found support near the $158 area and climbed around 5%, just like bitcoin. However, ETH price is facing a strong resistance near $170, above which it could continue higher.

After forming a support base near the $158 level, Ethereum recovered above $162 against the US Dollar.
The price is up more than 5% and it broke the $165 resistance area.
There was a break above a key bearish trend…

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