Ethereum Price Technical Analysis – ETH/USD Gaining Traction

Key HighlightsETH price is moving higher and it recently broke the $535 resistance against the US Dollar.
There is a new short-term connecting bullish trend line forming with support at $525 on the hourly chart of ETH/USD (data feed via Kraken).
The pair may continue to rise in the near term towards the $547 and $550 resistance levels.Ethereum price is gaining upside momentum against the US Dollar and Bitcoin. ETH/USD is likely to extend gains with next hurdles near $547, $550 and $575.
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