Ethereum Price Weekly Analysis – ETH/USD Tumbles Below $560

Key HighlightsETH price was under immense bearish pressure and it declined below the $560 support against the US Dollar.
There is a major bearish trend line forming with resistance at $575 on the 4-hours chart of ETH/USD (data feed via Kraken).
The pair may continue to slide and it could even break the $500 level in the near term.Ethereum price declined sharply during the past few days against the US Dollar and Bitcoin. ETH/USD could continue to move down below the $500 level.
Ethereum Price Dec