Ethereum Price Technical Analysis – ETH/USD Struggling Near 100 SMA

Key HighlightsETH price is trading in a range above the $680 support level against the US Dollar.
There is a contracting triangle forming with current support at $684 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is facing a crucial resistance on the upside near the $730 level and the 100 hourly simple moving average.Ethereum price is struggling to gain traction against the US Dollar and Bitcoin. ETH/USD must break the $720 resistance and settle above 100 SMA to rise further.
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