Ethereum Price Downward Drift: Decline Resumes Again

Ethereum Price Downward Drift: Decline Resumes Again


Ethereum price failed to clear the $3,720 resistance. ETH declined again and is now at risk of more losses below the $3,550 support zone.

Ethereum started a fresh decline from the $3,720 resistance zone. The price is trading below $3,650 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $3,680 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if there is a close below the $3,550 support. Ethereum Price Dips Again

Ethereum price attempted a decent increase above the $3,650 resistance zone. ETH even spiked above $3,700 but the bears were active. A high was formed at $3,710 and the price started a fresh decline. There was a

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