Ethereum price declined heavily and traded below $2,550. ETH could start another increase if it stays above the $2,400 support zone.
Ethereum started a major decline below the $2,650 and $2,550 levels. The price is trading below $2,550 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,575 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a recovery wave if it stays above the $2,400 level. Ethereum Price Dives 10%
Ethereum price failed to recover and extended its decline below the $2,650 level. ETH traded below the $2,550 and $2,500 support levels like Bitcoin. It even spiked below the $2,400 level.
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A low was formed at $2,394 and the
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