Ethereum Price Technical Analysis – ETH/USD Could Surpass $725

Key HighlightsETH price is trading higher and it recently broke the $700 resistance against the US Dollar.There was a break above yesterday’s highlighted key bearish trend line with resistance at $685 on the hourly chart of ETH/USD (data feed via Kraken).The pair may continue to gain traction and it could even break the $720 level in the near term.Ethereum price is gaining momentum against the US Dollar and Bitcoin. ETH/USD is back in a positive zone and it could trade towards $725-730.Ethereum Price TrendA good support base was formed near $660 in ETH price against the US Dollar. The price started trading higher and it broke the $665 and $670 resistance levels. It opened the doors for more gains above $670 and $700. During the upside move, the price succeeded in clearing the 76.4% Fib retracement level of the last drop from the $700.53 high to $584.50 low.Finally, there was…

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