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  • ETH/USD is capped by $142.00 handle.
  • The resistance $135.00 turned into support.

ETH/USD is changing hands at $141.36, having gained nearly 2% since this time on Sunday. The second largest coin with the market value of $14.9B went as high as $146.13 on Saturday but failed to hold ground.  

At this stage, the upside is capped by psychological $142.00 followed by the upper line of daily Bollinger Band at $142.71. Once this area is cleared, the recovery may be extended towards the recent high of $146.13.

On the downside, the support is created by $141.00 followed closely by SMA50 ( §-hour). The next barrier is seen at psychological $140.00, though the primary support is generated by $135.00. This level limited the recovery on numerous occasions during the previous week.  If it is cleared, the sell-off will continue with the next aim at $130.00 and $128.50 (DMA50).

ETH/USD, 1-hour chart