Ethereum Price Weekly Analysis – ETH/USD’s Recoveries Remain Capped

Key Highlights
ETH price recovered after a nasty downside move toward the $475 level against the US Dollar.
A major bullish trend line with support at $600 is acting as a key buy zone on the 4-hours chart of ETH/USD (data feed via SimpleFX).
The pair might fail to move above $715 in the near term, but also remains supported at $560.
Ethereum price is slightly under pressure against the US Dollar and Bitcoin. ETH/USD is currently below $715 and is struggling to gain traction.
Ethereum Price Suppo