Ethereum Price Weekly Analysis: ETH/USD Could Revisit $42243.14

Ethereum price is moving with bearish signs versus the US Dollar and Bitcoin. ETH/USD must clear the $470 and $477 resistances to climb higher.

This past week, there was a solid upside move above the $500 level in ETH price against the US Dollar. The ETH/USD pair traded above the $510 level, but it failed to hold gains. As a result, there was a bearish reaction and the price declined below the $500 and $485 support levels. The price even declined below the $460 support and the 100 simple moving average (4-hours).

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