Ethereum Price Analysis: Can ETH/USD Continue Higher?
Key Highlights:
ETH price gained traction and moved above the $690 and $700 resistance levels against the US Dollar.
There is a key connecting bullish trend line formed with support at $704 on the hourly chart of ETH/USD (data feed via Kraken).
The pair has to stay above the $704 support and the 100 hourly simple moving average to move higher.
Ethereum price is back in a positive zone against the US Dollar and Bitcoin. ETH/USD has to remain above the 100 hourly SMA to extend gains above $715.
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