Ethereum Price Analysis: ETH/USD Breaks $500

Key HighlightsETH price declined further and failed to hold the $500.00 handle against the US Dollar.
This week’s followed important bearish trend line acted as a barrier near $540 on the hourly chart of ETH/USD (data feed via Kraken).
The pair declined below the $500 handle and it may accelerate declines in the near term.Ethereum price is struggling to recover against the US Dollar and Bitcoin. ETH/USD traded below the $500 level and it remains at a risk of more losses.
Ethereum Price Dec