ETH/USD Bullish Trends Continue, Retracement Underway

Amidst evidence of strong bullish trends in Ethereum, some form of retracement is necessary. Converging trendlines over the past couple of hours have indicated that a break upwards could allow for prices to reach targets easily surpassing $500. However, a break downwards could mean retracement to around $430 or lower, which would allow for great opportunities to buy in.