Key HighlightsETH price declined recently and traded toward the $900 level against the US Dollar. There is a key bearish trend line forming with resistance at $1030 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair has to move above the $1030 resistance and the 100 hourly simple moving average to gain bullish traction. Ethereum price declined a few points against the US Dollar and Bitcoin. ETH/USD is currently correcting higher, but it is facing sellers near the $1030 level. Ethereum Price Upside HurdleThere were further declines in ETH price from the $1080 swing high against the US Dollar. The price declined and broke the $1000 and $950 support levels. It even pierced the 50% Fib retracement level of the last leg from the $750 low to $1150 high. It opened the doors for more losses below $950 and the price traded towards $900. A low was formed at $904 before the price started an upside correction. It has moved above the 23.6% Fib retracement level of the last decline from the $1070 high to $904 low. However, there are many resistances on the upside starting with $985. There is also a key bearish trend line forming with resistance at $1030 on the hourly chart of ETH/USD. At the moment, the 50% Fib retracement level of the last decline from the $1070 high to $904 low at $987 is acting as a hurdle. The main resistance is around $1030 and the trend line since it is close to the 100 hourly simple moving average. On the downside, an initial support is at $935. The most important support is at $900, which must hold declines in the near term. Hourly MACD – The MACD is still in the bearish zone with no positive signal at present. Hourly RSI – The RSI is currently moving higher, but it is still below the 50 level. Major Support Level – $900Major Resistance Level – $1030 Charts courtesy – SimpleFX Ethereum Price Technical Analysis – ETH/USD Bearish Below $1030 was last modified: April 1st, 2018 by Aayush Jindal