-ETH price surged higher and broke a major resistance at $535-540 against the US Dollar.
-There is a major bullish trend line forming with support at $560 on the hourly chart of ETH/USD (data feed via Kraken).
-The pair traded above the $588 level and it seems like it may continue to move higher.
Ethereum price accelerated gains against the US Dollar and Bitcoin. ETH/USD traded above the $580 level and it could even break surpass the $600 level.
