Ethereum Price Technical Analysis – ETH/USD Testing $1000 Support

Key HighlightsETH price traded as high as $1151 before starting a downside correction against the US Dollar.
There is a short-term bearish trend line forming with resistance at $1050 on the hourly chart of ETH/USD (data feed via SimpleFX).
The pair is currently trading just above the $1000 level and is struggling to remain above the mentioned level.Ethereum price is currently correcting lower against the US Dollar and Bitcoin. ETH/USD may break the $1000 level for more downsides in the near term