Ethereum Price Technical Analysis – ETH/USD Targets Additional Weakness
Ethereum price declined further during the past 24 hours to trade as low as $10.97 where the ETH/USD buyers managed to protect the downside. Key Highlights. ETH price jaw dropped versus the US Dollar, and moved below the $11.50 support area. There is a new bearish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which may stop the current recovery. On the upside, the $11.60-65 levels can now be considered as a major resistance area. Ethereum Price Downside Move. ETH price continued to move down versus the US Dollar, and even traded below the $11.50 support area to....
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