Ethereum (ETH) Dives To $170, Is $160 Next Bear Target?

Ethereum price extended its decline and broke the $175 support area against the US Dollar.
Bitcoin price is also down more than 3% and it broke the $8,000 support area.
Yesterday’s highlighted key bearish trend line is intact with resistance near $175 on the hourly chart of ETH/USD (data feed via Kraken).
The pair remains in a bearish zone and it could face resistance near $175 and $180 in the near term.Ethereum price is under selling pressure versus the US Dollar, similar to bitcoin. ETH