Ethereum Price Weekly Analysis: ETH/USD Sellers in Check

Key HighlightsETH price is slowly on the rise above the $675 support zone with positive signs against the US Dollar.There is a monster contracting triangle forming with current resistance near $712 on the 4-hours chart of ETH/USD (data feed via Kraken).The pair has to break the triangle resistance and settle above $712 for an upside acceleration.Ethereum price is slowly moving higher versus the US Dollar and Bitcoin. ETH/USD must clear a huge sell wall near the $712-714 zone for more gains in the near term.Ethereum Price ResistanceThere were mostly downsides in ETH price this past week from the $730 swing high against the US Dollar. The price declined and moved below the $700, $675 and $660 support levels.

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