Ethereum price analysis

Ethereum’s price appears to be on a downward slope, edging closer to the $1,500 support level against the US dollar. Despite the potential for a corrective upward shift, significant resistance above $1,565 may cap any positive momentum. In recent trade, EthereumEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH. More has found it challenging to launch a recovery above $1,550, with its price trending below both $1,565 and the 100-hourly Simple Moving Average. Notably, two bearish trend lines have formed, with resistance near $1,555 and $1,570 based