Ethereum Price Technical Analysis – ETH/USD Could Recover Short-term

Key HighlightsETH price declined to a new low below the $360 level before finding buyers against the US Dollar.
There is a key connecting bearish trend line forming with resistance at $385 on the hourly chart of ETH/USD (data feed via Kraken).
The pair may move above the $385-390 resistance zone for a short-term upside correction.Ethereum price is facing heavy selling pressure against the US Dollar and Bitcoin. ETH/USD may correct higher in the near term towards the $400-410 resistance zone.
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