Ethereum Price Technical Analysis – ETH/USD Remains in Uptrend

Key HighlightsETH price remained well supported and it recently traded towards the $540 level against the US Dollar.
There is a key bullish trend line forming with support at $510 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is currently correcting lower, with supports on the downside near the $510, $500 and $490 levels.Ethereum price is positioned nicely against the US Dollar and Bitcoin. ETH/USD may correct lower, but it remains in an uptrend above the $490 support level.
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