Ethereum Price Technical Analysis – ETH/USD Surges to New All-time High

Key Highlights
ETH price spikes higher and breaks the $500 and $515 resistance levels against the US Dollar.
There was a break above a major contracting triangle with resistance at $470 on the hourly chart of ETH/USD (data feed via SimpleFX).
The pair is currently unstoppable and it might soon blast towards the $550 level.
Ethereum price is rocketing higher against the US Dollar and Bitcoin. ETH/USD is surging higher towards the next major resistance at $550.
Ethereum Price Upside Surge
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