Key Highlights

ETH price is trading near a major support at $495-500 against the US Dollar with positive signs.
There is an important bullish trend line forming with support at $500 on the hourly chart of ETH/USD (data feed via Kraken).
The pair must stay above the $495 support and the 100 hourly simple moving average to continue higher.

Ethereum price is holding gains against the US Dollar and Bitcoin. ETH/USD is currently above $500 and is eyeing an upside break in the near term.
Ethereum Price Trend
There was a minor downside reaction in ETH

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