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Ethereum Price Analysis: ETH Could Correct Before Fresh Increase

Ethereum is trading in a bullish zone above the $140.50 pivot level vs the US Dollar. ETH to USD could correct in the short term before a fresh increase above $145.20.

Key Takeaways: ETH/USD
-Ethereum price traded to a new yearly high at $145.19 and it is correcting lower against the US Dollar.
-ETH/USD is likely to remains supported above $140.50 and a connecting bullish trend line on the 2-hours chart (data feed from Bitstamp).
-Bitcoin price could dip in the short term, but the bulls are likely to protect $137.80