Ethereum Price Technical Analysis – ETH/USD Consolidating Gains
Key Highlights
ETH price after trading as high as $488.68 started a downside correction against the US Dollar.
There is a key bullish trend line forming with support at $471.50 on the hourly chart of ETH/USD (data feed via SimpleFX).
A break below the trend line support might ignite an extended decline towards the $458 level.
Ethereum price is consolidating gains against the US Dollar and Bitcoin. ETH/USD is showing signs of a short-term decline may be towards $458 or 100 SMA.
Ethereum Price Sup
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