Ethereum declined towards $1,350 before recovering higher against the US Dollar. ETH is now facing a major resistance near the $1,460 and $1,500 levels.
- Ethereum extended losses and traded below the $1,400 level.
- The price is now trading below $1,460 and the 100 hourly simple moving average.
- There is a major bearish trend line forming with resistance near $1,440 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could struggle to recover above the $1,440 and $1,460 resistance…
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