Ethereum Price Analysis: ETH/USD Correction Facing Hurdle Near $300

Key HighlightsETH price started a short-term correction and moved above the $275 level against the US Dollar.This week’s followed important bearish trend line is in place with resistance at $300 on the hourly chart of ETH/USD (data feed via Kraken).The pair is likely to find a strong selling interest near the $295, $300 and $305 resistance levels.Ethereum price recovered a few points against the US Dollar and bitcoin. ETH/USD is now heading towards a monster resistance near $295-300.Ethereum Price Upside HurdleYesterday, we saw a sharp drop towards the $250 level in ETH price against the US Dollar. Later, the ETH/USD pair found buyers and started an upside correction from the $249 swing low. It moved above the $260 and $275 resistance levels. Moreover, there was a break above the 38.2% Fib retracement level of the last key decline from the $331 high to $249 low.However, the price is facing many

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