Ethereum Price Analysis: ETH/USD Tumbled Below $655

Key Highlights ETH price was not able to move above the $700 resistance and declined sharply against the US Dollar. There is a new connecting bearish trend line forming with resistance at $655 on the hourly chart of ETH/USD (data feed via Kraken). The pair may correct higher in the short term, but upsides are likely to be capped by $650-655.

Ethereum price declined heavily against the US Dollar and Bitcoin. ETH/USD is now well below $655 and is eyeing more downsides in the near term.

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Key Highlights ETH [+]    Dollar [+]    ETH [+]    USD [+]    Kraken [+]    Ethereum [+]    Dollar and Bitcoin [+]   

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