Ethereum Price Technical Analysis – ETH/USD Recovery Underway

Key Highlights
ETH price has recovered well and is currently trading above the $680 pivot zone against the US Dollar.
There was a break above a bearish trend line with resistance at $670 on the hourly chart of ETH/USD (data feed via SimpleFX).
The pair is now positioned nicely to gain further in the near term above $700.
Ethereum price looks like completed a correction against the US Dollar and Bitcoin. ETH/USD might recover further above $700 in the near term.
Ethereum Price Resistance
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