Ethereum Price Technical Analysis – ETH/USD Breaks Down

Key HighlightsETH price came under heavy selling pressure and declined below $400 against the US Dollar.
There is a major bearish trend line forming with resistance at $410 on the hourly chart of ETH/USD (data feed via Kraken).
The pair may correct a few points in the near term, but upsides are likely to be capped by $400 and $410.Ethereum price declined heavily against the US Dollar and Bitcoin. ETH/USD is now well below the $400.00 level and it remains at a risk of more losses.
Ethereum Price