Ethereum saw a bearish trend below $175 and$170 level against the US Dollar. ETH/USD corrected downside after the long bullish market. The price then declined and broke the $170 support level. The price traded near the $165 level after the huge fall in ETH price. The price then started to correct upside. globalXchange
The hourly chart shows that ETH price is going towards the bearish zone. The break below $165 rails the price down near $157 level. Otherwise, the might rebound up near $173 level. The hourly MACD for the pair is going down into the bearish zone and RSI is below 40 level. globalxchange
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