Ethereum Price Analysis: ETH/USD Broke Key Resistance

Key HighlightsETH price made a nice upside move and broke the $495 resistance against the US Dollar.
There was a break above a major bearish trend line with resistance at $498 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is now placed nicely above the $500 level and the 100 hourly simple moving average.Ethereum price climbed higher above key levels against the US Dollar and Bitcoin. ETH/USD may correct lower, but dips are likely to find buyers above $500.
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