Ethereum Price Analysis: ETH/USD Poised for More Upsides

Key HighlightsETH price is gaining momentum and it could break the $304 resistance for more upsides against the US Dollar.There was a break above a key bearish trend line with resistance at $295 on the hourly chart of ETH/USD (data feed via Kraken).The pair might decline a few points towards $290 and $288 before climbing higher in the near term.Ethereum price is placed nicely in a bullish zone against the US Dollar, but it is struggling versus bitcoin. ETH/USD may soon break $304 to gain momentum.Ethereum Price TrendThere were mostly range moves above the $277 level in ETH price during the past few sessions against the US Dollar. The ETH/USD pair formed a decent support near $277 and later started an upside move. It traded above the 50% Fib retracement level of the last drop from the $331 high to $250 low. There were a couple of bullish candles formed

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