Ethereum Price Analysis: ETH/USD Under Pressure Near $400

Key Highlights ETH price declined sharply and spiked below the $400 support area against the US Dollar. There is a major declining channel in place with resistance at $410 on the hourly chart of ETH/USD (data feed via Kraken). The pair is placed in a downtrend below $410 and $420 and it could decline further in the near term.

Ethereum price is sliding aggressively against the US Dollar and bitcoin. ETH/USD is under pressure and it could decline further below $395.

Ethereum Price Slide...

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