Ethereum Price Prints Bullish Technical Pattern, Why Close Above $1,780 Is Critical

Ethereum price is recovering above $1,700 against the US Dollar. ETH could continue to move up if it clears the $1,780 resistance zone.Ethereum was able to climb above the $1,700 and $1,720 resistance levels.
The price is trading above $1,700 and the 100-hourly Simple Moving Average.
There was a break above a major bearish trend line with resistance near $1,720 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could rise further above the $1,750 and $1,780 resistance levels.Ethereu