Ethereum Price Technical Analysis – ETH/USD Gains Traction

Key HighlightsETH price was able to move higher and it recently traded above $845 against the US Dollar.
There was a break above a major bearish trend line with resistance at $837 on the hourly chart (data feed via SimpleFX).
The pair traded as high as $869 and it is currently correcting lower towards the $850 support.Ethereum price is back in action against the US Dollar and Bitcoin. ETH/USD must stay above the $845-850 support to move further higher in the near term.
Ethereum Price Support
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