Ethereum Price Analysis: ETH/USD Facing Significant Resistance at $207

Key Highlights

ETH price recovered recently, but it failed to move past $206-207 against the US Dollar. There is a key bullish trend line in place with support at $201 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $200-201 support zone to climb higher in the near term.

Ethereum price is struggling to gain traction against the US Dollar and bitcoin. ETH/USD remains at a risk of more losses below the $201 support.

Ethereum Price Analysis

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