Ethereum Price Analysis: ETH/USD Could Trade Higher

Key HighlightsETH price found a strong buying interest near $570-572 and recovered nicely against the US Dollar.
There was a break above two key bearish trend lines with resistance near $588 and $591 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is currently trading positively above the $600 handle and the 100 hourly simple moving average.Ethereum price is back in a positive zone against the US Dollar and Bitcoin. ETH/USD may continue to rise towards the $615 and $620 levels in