Ethereum Price Analysis: ETH/USD Faces Tough Challenge

Key HighlightsETH price crashed and declined toward the $440 level recently against the US Dollar.
There is a declining channel in place with resistance near the $480 level on the hourly chart of ETH/USD (data feed via Kraken).
The pair is currently correcting higher and it may head towards the $490 and $500 resistance resistances.Ethereum price extended declines against the US Dollar and Bitcoin. ETH/USD may correct higher, but it is facing tough challenges near the $490 level.
Ethereum Price R