Ethereum Price Analysis: ETH/USD Surging Higher

Key HighlightsETH price started a solid upside move and traded above the $555 barrier against the US Dollar.
Yesterday’s highlighted major bearish trend line with resistance at $538 was breached on the hourly chart of ETH/USD (data feed via Kraken).
The pair is now placed nicely above $555 and the 100 hourly simple moving average, which is a positive sign.Ethereum price is showing positive signs against the US Dollar and Bitcoin. ETH/USD could trade further higher if it stays above the $55