Ethereum Price Weekly Analysis: ETH/USD Remains Sell on Rallies14.93

Ethereum price is heading south versus the US Dollar and Bitcoin. ETH/USD could continue to move down until buyers take a strong stand.

There was no major recovery above the $230 level in ETH price against the US Dollar. The ETH/USD pair remained in a bearish zone and it extended declines. It broke the last swing low near $209 and extended slides. Sellers even managed to push the price below the $200 and $190 levels. More importantly, the price is now trading well below the $230 resistance and the 100 simple moving average (4-hours).

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