Ethereum Price Analysis: ETH/USD Approaching Resistance

Key HighlightsETH price is currently correcting higher after a sharp decline toward the $500 level against the US Dollar.
Yesterday’s highlighted key bearish trend line is intact with resistance at $545 on the hourly chart of ETH/USD (data feed via Kraken).
The pair may continue to move higher toward the $540 and $545 resistance levels in the near term.Ethereum price is currently recovering against the US Dollar and Bitcoin. ETH/USD is likely to face sellers on the upside near the $540-545