Ethereum Price Analysis: ETH/USD Surging Above $500

Key HighlightsETH price surged higher and cleared a few important resistances near $500 against the US Dollar.
Yesterday’s highlighted important bullish trend line is active with support at $480 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is placed nicely above the $500 level and it is likely to accelerate higher in the near term.Ethereum price is gaining momentum against the US Dollar and Bitcoin. ETH/USD is surging and it could soon break the $525 level for more upsid