Ethereum Price Climbs 5% To Take Out Hurdles, Is Bottom Really In?

Ethereum climbed higher above the $1,350 resistance zone against the US Dollar. ETH tested the $1,420 zone and is currently consolidating gains.Ethereum started a steady increase above the $1,320 and $1,350 resistance levels.
The price is now trading above $1,350 and the 100 hourly simple moving average.
There is a connecting bullish trend line forming with support near $1,345 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start another increase if it stays above the $1,32