Ethereum price analysis: ETH/USD drops after finding intraday resistance at $174.75

Ethereum price analysis: ETH/USD drops after finding intraday resistance at $174.75

ETH/USD is trending in a downward channel formation. The Elliott Oscillator has had six straight bearish sessions. ETH/USD keeps trending in a downward channel formation, after charting two straight bearish days in a row. This Friday, ETH/USD fell from $177.55 to $173.25 and it has dropped further to $172.