TA: Ethereum Dips Below $2K, Here’s What Could Trigger A Fresh Increase

TA: Ethereum Dips Below $2K, Here’s What Could Trigger A Fresh Increase


Ethereum extended its decline below the $2,000 support against the US Dollar. ETH price is now consolidating losses and it could start a fresh increase if it clears $2,010.

Ethereum extended its decline below the $2,050 and $2,000 support levels. The price is now trading well below $2,050 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $2,065 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if it clears the $2,010 resistance zone. Ethereum Price Steadies Above $1,950

After another failure above $2,100, Ethereum started a downside correction. ETH traded below the $2,050 and $2,010 support levels. It even broke the $2,000 level and settled below the 100 hourly simple moving average, similar to bitcoin.

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A low was formed near $1,937 before the price started a short-term upside correction. Ether climbed above the $1,960 and $1,975 levels. There was

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