Ethereum Price Weekly Analysis: ETH/USD Recovery Remains Capped

Key HighlightsETH price declined heavily and it almost tested the $300 support area against the US Dollar.
There is a connecting bearish trend line formed with resistance at $330 on the 4-hours chart of ETH/USD (data feed via Kraken).
The pair has to move past $330 and $340 resistances to recover further in the near term.Ethereum price tumbled and declined heavily versus the US Dollar and Bitcoin. ETH/USD remains in a bearish zone as long as it is below $400.
Ethereum Price Decline
This past wee