Ethereum Price Technical Analysis – ETH/USD Resumes Uptrend

Key HighlightsETH price rocketed above the $1200 before creating a dip and rip situation against the US Dollar.
A crucial bullish trend line with current support at $1060 prevented declines on the hourly chart of ETH/USD (data feed via SimpleFX).
The pair has resumed its uptrend and it looks set for a move above the $1220 level.Ethereum price is forming bullish moves against the US Dollar and Bitcoin. ETH/USD corrected sharply and is currently poised to resume uptrend above $1220.
Ethereum Price