Ethereum price is facing a major resistance versus the US Dollar and Bitcoin. ETH/USD must clear the $456 hurdle to test the next hurdle at $480.
This past week, there was a nasty decline from well above $450 in ETH price against the US Dollar. The ETH/USD pair tumbled and traded towards the $400 handle. A low was formed at $404.46 before the price started an upside correction. It bounced back above $430 and cleared the 23.6% fib retracement level of the last drop from the $549 high to $404 low.