Ethereum Price Technical Analysis – ETH/USD Decline Below $600

Key HighlightsETH price declined sharply and moved below the $650 and $620 support levels against the US Dollar.
There was a break below a major bullish trend line with support at $685 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is now trading well below the $600 level and the 100 hourly simple moving average.Ethereum price is under heavy selling pressure against the US Dollar and Bitcoin. ETH/USD remains at a risk of more losses towards $520 and $500.
Ethereum Price Trend
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