Ethereum Price Analysis: ETH/USD Facing Key Resistance Near $21512.93

Ethereum price is slowly correcting higher against the US Dollar and bitcoin. ETH/USD must break the $215 resistance to recover nicely in the near term.

This past week, we saw a major downside break below the $210 support in ETH price against the US Dollar. The ETH/USD pair traded as low as $185 and later started a minor upside correction. It moved higher and broke the $200 resistance. There was also a break above the 23.6% Fib retracement level of the last slide from the $234 high to $185 low.

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