ETH price struggled to break a major resistance area near $282-284 against the US Dollar and moved down.
Yesterday’s highlighted bullish trend line with support at $268 on the hourly chart of ETH/USD (data feed via SimpleFX) was broken.
The pair is now below the $267 support and the 100 hourly simple moving average.
Ethereum price struggled to gain pace against the US Dollar and Bitcoin, and $284 barrier pushed the ETH/USD pair below a key support.
source: http://www.newsbtc.com/2017/07/05/ethereum-price-technical-analysis-ethusd-barrier-284/
