Ethereum Price Technical Analysis – ETH/USD’s Bearish Path

Key Highlights
ETH price declined further and followed a short-term bearish path below $445 against the US Dollar.
There are two bearish trend lines forming with resistance at $428 and $442 on the hourly chart of ETH/USD (data feed via SimpleFX).
The pair might correct towards $440-442 in the near term, but could face sellers.
Ethereum price declined sharply against the US Dollar and Bitcoin. ETH/USD moved towards the $410-400 levels and is currently correcting higher.
Ethereum Price Decline
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