Ethereum Price Technical Analysis – ETH/USD’s Short Term Break

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Key Highlights

  • ETH price is under pressure and moved below the $302 support against the US Dollar.
  • There was a break below a bullish trend line with support at $302 on the hourly chart of ETH/USD (data feed via SimpleFX).
  • The price is now below the 100 hourly simple moving average, but remains supported above $296.50.

Ethereum price is under pressure against the US Dollar and Bitcoin. ETH/USD might correct a few points, but remains supported above $296.

Ethereum Price Support

There was a sharp rise in bitcoin price, which is putting…

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