Ethereum Price Analysis: ETH/USD’s Double Top Active

Key HighlightsETH price formed a double top pattern and broke a key support at $600 against the US Dollar.
Yesterday’s highlighted important bullish trend line was breached at $615 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is likely to complete the double top pattern near the $568-570 support area in the near term.Ethereum price is under selling pressure against the US Dollar and Bitcoin. ETH/USD could slide further if it fails to hold the $570 support.
Ethereum Price