Ethereum Price Technical Analysis – ETH/USD Recovers Positively

Key HighlightsETH price formed a bottom around the $900 level and recovered nicely against the US Dollar.
This week’s highlighted key bearish trend line was broken at $975 on the hourly chart of ETH/USD (data feed via SimpleFX).
The pair moved higher and was able to trade above the $1020 and $1050 resistance levels.Ethereum price is recovering nicely against the US Dollar and Bitcoin. ETH/USD has breached the $1050 resistance and is currently moving higher.
Ethereum Price Trend
During the