Ethereum Price Technical Analysis – Can ETH/USD Recover Further?

Key HighlightsETH price declined heavily and moved toward the $700 level before recovering against the US Dollar.
Yesterday’s highlighted connecting bearish trend line was broken at $1020 on the hourly chart of ETH/USD (data feed via SimpleFX).
The pair may continue to move higher, but is likely to face sellers near the $1090 and $1135 levels.Ethereum price started a recovery after a major decline against the US Dollar and Bitcoin. ETH/USD is currently facing a major resistance near $1100.