Ethereum Price Retreats From Resistance—Is a Trend Reversal Starting?

Ethereum Price Retreats From Resistance—Is a Trend Reversal Starting?


Ethereum price started a fresh increase above $3,350. ETH is now correcting gains from $3,450 and might decline further below $3,200.

Ethereum started a downside correction from the $3,450 zone. The price is trading near $3,200 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $3,240 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $3,200 zone. Ethereum Price Declines Heavily

Ethereum price managed to stay above $3,200 and started a fresh increase, beating Bitcoin. ETH price gained strength for a move above the $3,320 and $3,350 resistance levels.

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The bulls even pushed the price above $3,400. However, the bears were

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