Ethereum Price Weekly Analysis – ETH/USD Downsides Remain Supported

Key Highlights ETH price traded higher this past week and moved above the $580 pivot level against the US Dollar. There is a crucial bullish trend line in place with support at $575 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is currently correcting lower, but it remains supported near the $575 level.

Ethereum price is back in an uptrend versus the US Dollar and Bitcoin. ETH/USD eyes further gains once the current correction is over in the near term.

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