cryptocurrency has continued to appreciate against the US Dollar
. The 50-, 100â€“ and 200-hour SMAs provided support for the pair at 140.4 during the previous trading session.
Everything being equal, it is likely that the ETH/USD exchange rate continues to surge during the following trading sessions. The potential upside targets will be near the weekly R1 at 160.4.
However, the weekly resistance level
at 149.73 could hinder bulls from pushing the cryptocurrency higher in the coming days.