Ethereum Price Analysis: ETH/USD Facing Significant Resistance

Key HighlightsETH price was not able to break higher and it is currently trading below $275 against the US Dollar.
There is a significant bearish trend line formed with resistance near $272-274 on the hourly chart of ETH/USD (data feed via Kraken).
The pair must clear the $275 resistance and the 100 hourly simple moving average for more gains.Ethereum price is trading with a neutral bias against the US Dollar and bitcoin. ETH/USD needs to gain momentum above $275 for further gains in the near te