Ethereum price corrected gains and tested the $2,500 zone. ETH is now again rising and might soon aim for a move above the $2,600 zone.
Ethereum started a correction from the $2,740 zone and tested $2,500. The price is trading above $2,520 and the 100-hourly Simple Moving Average. There is a key declining channel or a possible bullish flag forming with resistance at $2,575 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain strength if it clears the $2,600 resistance in the near term. Ethereum Price Eyes Upside Break
Ethereum price struggled to clear the $2,740 resistance and started a downside correction, like Bitcoin. ETH traded below the $2,700 and $2,650 support levels.
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