TA: Ethereum Price Faces Uphill Task, Can Bulls Save The Day?

TA: Ethereum Price Faces Uphill Task, Can Bulls Save The Day?


Ethereum is attempting an upside correction above $1,325 against the US Dollar. ETH is facing a major resistance near the $1,380 and $1,400 levels.

Ethereum started a minor upside correction above the $1,325 level. The price is now trading below $1,400 and the 100 hourly simple moving average. There was a break above a connecting bearish trend line with resistance near $1,355 on the hourly chart of ETH/USD (data feed via Kraken). The pair could recover further if there is a clear move above the $1,400 resistance zone. Ethereum Price Recovers Slightly

Ethereum extended losses and traded below the $1,300 level. ETH traded as low as $1,281 and recently started a short-term upside correction.

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There was a move above the $1,300 and $1,325

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