Ethereum Price Technical Analysis – ETH/USD Tumbles Below $1,000

Key HighlightsETH price started a new downside wave and moved below the $1,000 support against the US Dollar.
There was a break below a connecting bullish trend line with support at $1,120 on the hourly chart of ETH/USD (data feed via SimpleFX).
The pair is now trading well below the $1,000 level and it has moved into the bearish zone.Ethereum price made a U-turn against the US Dollar and traded higher against Bitcoin. ETH/USD is likely to trade further lower with resistance at $1,025.
Ethereum