TA: Ethereum Price Breaks Hurdle, Why Bulls Could Aim $1,500 or Higher

Ethereum cleared the key $1,350 resistance zone against the US Dollar. ETH is rising and might climb further higher towards the $1,500 resistance zone.

• Ethereum is slowly moving higher and trading above the $1,350 level.
• The price is now trading above $1,350 and the 100 hourly simple moving average.
• There is a major bullish trend line forming with support near $1,350 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could continue to rise if there is a clear move above the $1,370 resistance.

Ethereum Price Eyes More Upsides

Ethereum formed a support base above the $1,250 level. ETH remained stron