Ethereum Price Technical Analysis – ETH/USD Sell on Rallies

Key HighlightsETH price extended declines and traded below the $828 support level against the US Dollar.
There is a major bearish trend line forming with resistance at $818 on the hourly chart of ETH/USD (data feed via SimpleFX).
The pair is currently correcting higher, but it is likely to face sellers near the $815 and $818 levels.Ethereum price is under renewed selling pressure against the US Dollar and Bitcoin. ETH/USD is likely to remain in a bearish zone as it turned sell on rallies.
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