Ethereum Price Holds Strong at $1,500: A Strengthening Case for Upside

Ethereum gained pace and broke the $1,500 resistance zone against the US Dollar. ETH is consolidating gains and might eye more upsides above $1,600.Ethereum is showing positive signs above the $1,500 and $1,520 levels.
The price is now trading above $1,520 and the 100 hourly simple moving average.
There is a major contracting triangle forming with resistance near $1,560 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could rally again if there is a clear move above $1,560 and $1,