Ethereum Price Analysis: ETH/USD Crashes To $500

Key HighlightsETH price declined sharply and traded below the $540 support area against the US Dollar.
There is a connecting bearish trend line forming with resistance at $560 on the hourly chart of ETH/USD (data feed via Kraken).
The pair may correct a few points in the short term, but upsides are likely to be capped by $560.Ethereum price declined heavily against the US Dollar and Bitcoin. ETH/USD almost tested the $500 level and is currently in a bearish zone.
Ethereum Price Decline
There was