Ethereum price started a downside correction from the $3,500 resistance. ETH is consolidating above $3,120 and facing many hurdles.
Ethereum failed to gain pace for a close above $3,500 and corrected gains. The price is trading below $3,320 and the 100-hourly Simple Moving Average. There is a short-term connecting bearish trend line forming with resistance at $3,380 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it clears the $3,300 resistance level. Ethereum Price Dips To Support
Ethereum price started a decent upward move above the $3,320 level but upsides were limited compared to Bitcoin. ETH failed to gain pace for a close above $3,500 and corrected gains.
There was a move below the $3,320
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