- Ethereum price remained under a bearish pressure vs the US Dollar, and it looks like it may create a new weekly low moving ahead.
- There is a minor bearish trend line formed on the hourly chart (data feed via Kraken) of ETH/USD, which is acting as a hurdle for an upside move.
- A break below the recent low of $11.79 may call for a test of the $11.20 level in the short term.
Intraday Support Level – $11.79
Intraday Resistance Level – $12.80
