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Ethereum Price (ETH) Testing Crucial Support But Recovery Won’t Be Easy

Ethereum Price (ETH) Testing Crucial Support But Recovery Won’t Be Easy | NewsBTC

ETH price is under a lot of pressure below the $170 and $175 resistances against the US Dollar. The price is likely to decline sharply if it settles below the $165 support area in the near term. There is a declining channel forming with resistance near $169 on the hourly chart of ETH/USD (data feed via Kraken).