Ethereum Price Analysis: ETH Nosedived, More Declines Likely

Key Highlights ETH price failed to stay above the $146 support and declined heavily against the US Dollar. There is a short term bearish trend line formed with resistance at $128 on the hourly chart of ETH/USD (data feed via Kraken). The pair may correct a few points towards $130, but it is likely to extend declines below $120. Ethereum price declined heavily during the past few hours against the US Dollar and bitcoin. ETH/USD could test $110 or $105 if it fails to recover above $128 and $136. Ethereum…

Bitcoin Cash Price Analysis: BCH/USD Nosedived Below $475

Key Points Bitcoin cash price failed to bounce back and broke the $500 support against the US Dollar. There was a break below a declining channel with support at $495 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair declined sharply and broke the $475 and $460 support levels. Bitcoin cash price nosedived below key supports against the US Dollar. BCH/USD is currently under pressure as it turned sell on rallies near $470-475. Bitcoin Cash Price Analysis Yesterday, we saw how bitcoin cash price failed…