Ethereum price started a fresh decline and traded below $2,350. ETH is now consolidating above $2,250 and might struggle to recover.
Ethereum started a downside correction from the $2,465 zone. The price is trading below $2,350 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,250 zone. Ethereum Price Dips Again
Ethereum price failed to remain stable above $2,420 and started a downside correction, like Bitcoin. ETH price dipped below the $2,400 and $2,350 levels.
The pair traded as low as $2,253, and is currently consolidating losses below the 23.6% Fib retracement level of the downward move from the $2,465 swing high to the $2,253 low. There is also a bearish trend line forming with resistance at $2,300
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