Ethereum Price Weekly Analysis: ETH/USD’s Upsides Capped Near $320

Key HighlightsETH price corrected higher recently and traded above $310 and $315 against the US Dollar.
There is a key connecting bearish trend line in place with current resistance at $311 on the 4-hours chart of ETH/USD (data feed via Kraken).
The pair has to break the $311 and the $320 resistance levels for more upsides in the near term.Ethereum price failed to remain in a positive zone versus the US Dollar and Bitcoin. ETH/USD settled below $300 and is facing resistances near $311 and $320.