Ethereum Price Technical Analysis – ETH/USD Upside Drift
Key Highlights
ETH price surged above the $640 level recently and traded to a new all-time high at $653 against the US Dollar.
A monster connecting trend line with resistance near $650-660 is preventing gains on the hourly chart of ETH/USD (data feed via SimpleFX).
On the downside, there is a bullish trend line with support at $580 on the same chart.
Ethereum price is super bullish against the US Dollar and Bitcoin. ETH/USD is correcting from $653, but it remains well supported for more upsides.
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