Ethereum Price Analysis: ETH/USD Forming Double Top

Key HighlightsETH price traded further higher and tested the $635 resistance area against the US Dollar.
There is a key bullish trend line formed with support at $612 on the hourly chart of ETH/USD (data feed via Kraken).
The pair has formed a double top pattern near the $635 level and it may decline further in the short term.Ethereum price is trading with a positive bias against the US Dollar and Bitcoin. ETH/USD may correct in the short term after a key rejection from the $635 level.
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