Ethereum Price Technical Analysis – ETH/USD Declined Below $1275

Key HighlightsETH price was under a lot of pressure and it declined below the $1300 and $1275 supports against the US Dollar.
There are two bearish trend lines forming with resistances at $1276 and $1320 on the hourly chart of ETH/USD (data feed via SimpleFX).
The pair is currently recovering, but it could face sellers near the $1276 and $1290 levels.Ethereum price made a downside move against the US Dollar and Bitcoin. ETH/USD is now well below $1300 and is currently in a bearish zone.
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