Ethereum Price Analysis: ETH/USD Tumbled Below $655

Key HighlightsETH price was not able to move above the $700 resistance and declined sharply against the US Dollar.
There is a new connecting bearish trend line forming with resistance at $655 on the hourly chart of ETH/USD (data feed via Kraken).
The pair may correct higher in the short term, but upsides are likely to be capped by $650-655.Ethereum price declined heavily against the US Dollar and Bitcoin. ETH/USD is now well below $655 and is eyeing more downsides in the near term.
Ethereum Pric