Ethereum Price Technical Analysis – ETH/USD’s New High; Remains Bullish

Key Highlights
ETH price surged above the $400 level and traded to a new all-time high at $424.13 against the US Dollar.
There is a new bullish trend line forming with support at $400 on the hourly chart of ETH/USD (data feed via SimpleFX).
The price remains a good buy on the downside near the $400 and $390 support levels.
Ethereum price moved sharply higher against the US Dollar and Bitcoin. ETH/USD is currently above $400 and is eyeing more gains in the near term.
Ethereum Price Trend
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