Ethereum Price Watch – ETH/USD Breaks Above $550, Holds Support


Ethereum Price Watch

Key Highlights:

Ethereum price has bounced back above $550, holding down a key support at that price level.
Earlier in the day, ETH/USD formed two bullish trend lines, the latter of which tested a resistance level at $575.
ETH/USD had a reversal from its latest bearish run at the $550 support.

Ethereum Holds Support At $550

On Tuesday morning, Ethereum price recovered from its recent low of $505, returning above the $550 price point and holding firm support at that level. ETH/USD formed two bullish trend lines earlier this morning, which took Ethereum price to as …

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