Ethereum Price Struggles At Resistance, Opening Door To Renewed Losses

Ethereum price extended its decline below $2,420 and $2,300. ETH is now attempting to recover from $2,150 but faces many hurdles near $2,365.

Ethereum failed to stay above $2,350 and started a fresh decline. The price is trading below $2,350 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance at $2,350 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,400 zone. Ethereum Price Eyes Another Decline

Ethereum price failed to remain stable above $2,500 and extended losses, like Bitcoin. ETH price traded below $2,420 to enter a bearish zone.

The bears even pushed the price below $2,200. A low was formed at