Ethereum Price Analysis: ETH Breaks Down, Turned Sell on Rallies

ETH price traded below the $114 and $112 supports levels to move into a bearish zone against the US Dollar.
There is a major bearish trend line formed with resistance at $112 on the hourly chart of ETH/USD (data feed via Kraken).
The pair may correct higher a few points, but it likely to face sellers near the $112 or $114 level.Ethereum price made a sharp bearish turn against the US Dollar and bitcoin. ETH/USD is now trading in a bearish zone and it could continue to move down towards $104.
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