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Ethereum Price Analysis: ETH/USD Could Correct To $375-380

Key Highlights

ETH price declined heavily and broke the $375 and $360 support levels against the US Dollar.

There is a short-term declining channel formed with resistance near the $362 level on the hourly chart of ETH/USD (data feed via Kraken).

The pair could correct higher in the short term towards the $370, $375 and $380 levels.

Ethereum price remained in a bearish zone against the US Dollar…

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Bitcoin Price Watch: BTC/USD Not Out of Woods Yet

Key Points

Bitcoin price declined further and traded below the $7,500 support level against the US Dollar.

There was a break below a declining channel with support at $7,365 on the hourly chart of the BTC/USD pair (data feed from Kraken).

The pair is finding a strong buying interest near $7,250, which could ignite an upward move.

Bitcoin price declined towards the $7,250 support against the US…

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#further slides