Ethereum Price Technical Analysis – ETH/USD Burst Above $800

Key Highlights
ETH price made a nice upside move and broke the $800 resistance against the US Dollar.
There was a break above yesterday’s pointed contracting triangle with resistance at $725 on the hourly chart of ETH/USD (data feed via SimpleFX).
The pair is heading higher and it might continue to move higher towards the $850 and $900 levels.
Ethereum price is surging higher against the US Dollar and Bitcoin. ETH/USD might rocket higher and move toward $850-900 in the near term.
Ethereum