Ethereum Price Accelerates Higher as The Bulls Aim $1,720

Ethereum climbed higher above the $1,500 resistance zone against the US Dollar. ETH is consolidating gains and might rise further towards the $1,650 level.Ethereum started a fresh increase above the $1,450 and $1,500 resistance levels.
The price is now trading above $1,500 and the 100 hourly simple moving average.
There is a major bullish trend line forming with support near $1,540 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could rise further unless there is a downside corre