Ethereum Price Analysis: Can ETH/USD Break $575?

Key HighlightsETH price is slowly moving higher and is holding the $545 support area against the US Dollar.
There is a key bullish trend line forming with support at $550 on the hourly chart of ETH/USD (data feed via Kraken).
The pair must clear the $575 and $580 resistance levels to gain upside momentum in the near term.Ethereum price is moving nicely in a positive zone against the US Dollar and Bitcoin. ETH/USD must stay above the $545 and $540 support levels to hold the bullish bias.
Ethereum