Ethereum Price Just Reversed and $1,700 is Imminent, Here’s Why

Ethereum remained well bid above the $1,500 level against the US Dollar. ETH is rising and might soon clear the $1,600 resistance zone.Ethereum tested the $1,500 support zone and started a steady increase.
The price is now trading above $1,560 and the 100 hourly simple moving average.
There was a break above a crucial bearish trend line with resistance near $1,560 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could rise steadily if it clears the $1,600 and $1,620 resistance lev