TA: Ethereum Could Narrowly Avoid a Major Correction if it Reclaims $460

TA: Ethereum Could Narrowly Avoid a Major Correction if it Reclaims $460


Ethereum started a downside correction below the $460 support level against the US Dollar. ETH price is now trading below $450 and it remains at a risk of more downsides.

Ethereum is showing a few bearish signs below the $460 and $455 support levels. The price is now trading well below $460 level the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $453 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate lower if there is a clear break below the $442 and $440 support levels. Ethereum Price is Facing Hurdles

Ethereum started a downside correction after it failed to clear the $480 resistance zone. ETH price broke the $465 and $460 support levels to move into a short-term bearish zone.

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There was also a close below the $460 level and the 100 hourly simple moving average. Ether price extended its decline below the $450 support

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