Ethereum Price Technical Analysis – ETH/USD Nosedives Below $900

Key HighlightsETH price failed to gain pace above $940 and declined sharply against the US Dollar.
There was a break below a major bullish trend line with support at $925 on the hourly chart of ETH/USD (data feed via SimpleFX).
The pair is now trading below the $900 level and it seems like the price may struggle to correct higher.Ethereum price declined sharply against the US Dollar and Bitcoin. ETH/USD may correct a few points from the current levels, but upsides remain capped.
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