Ethereum Price Weekly Analysis – ETH/USD Uptrend Intact

Key Highlights
ETH price rushed towards the $495-500 resistance recently where it faced sellers against the US Dollar.
There is a major bullish trend line forming with support near $408 on the 4-hours chart of ETH/USD (data feed via SimpleFX).
The pair might continue to move lower, but it remains supported on the downside near $418 and $408.
Ethereum price is moving nicely against the US Dollar and Bitcoin. ETH/USD is correcting lower, but dips remain supported above $408.
Ethereum Price Support