Ethereum Price Technical Analysis – Can ETH/USD Break 100 SMA?

Key HighlightsETH price is slowly moving higher and it is currently trading above the $520 support against the US Dollar.
Yesterday’s highlighted major bearish trend line with resistance at $535 was broken on the hourly chart of ETH/USD (data feed via Kraken).
The pair is now facing a major resistance near $560 and the 100 hourly simple moving average.Ethereum price is in a recovery mode against the US Dollar and Bitcoin. ETH/USD must breach the 100 hourly SMA to continue its upside moment