Ethereum Price Analysis: Can ETH/USD Hold 100 SMA?

Key HighlightsETH price started a major downside correction below the $500 level against the US Dollar.
This week’s highlighted key bullish trend line was breached with support at $485 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is currently trading near the $470 support and the 100 hourly simple moving average.Ethereum price trimmed most of its gains against the US Dollar and Bitcoin. ETH/USD must stay above the 100 hourly SMA to avoid a push to $455.
Ethereum Price Su