Ethereum Price Analysis: ETH/USD’s Support Turned Resistance

Key Highlights ETH price failed to recover further and declined below the $690 support against the US Dollar. There was a break below an ascending channel with support at $690 on the hourly chart of ETH/USD (data feed via Kraken). The pair traded as low as $656 and it is currently correcting losses towards $680.

Ethereum price is under pressure against the US Dollar and Bitcoin. ETH/USD is now well below $700 and it remains at a risk of more losses.

Ethereum Price Resistance

Yesterday,...

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

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