Ethereum failed to surpass $2,600 and started a fresh decline against the US Dollar. ETH price is holding the $2,400 support, but it is likely to face sellers near $2,550.
Ethereum made two attempts to gain strength above $2,625, but failed. The price is now trading well below $2,550 and the 100 hourly simple moving average. There was a break below a key rising channel with support near $2,520 on the hourly chart of ETH/USD (data feed via Kraken). The pair mut stay above $2,400 to avoid more downsides in the near term. Ethereum Price Trims Gains
Ethereum climbed above the $2,550 and $2,580 resistance levels. However, ETH failed to gain strength above $2,620, resulting in a bearish reaction.
There was a break below the $2,580 and $2,550 support levels. Besides, there a break below a key rising channel with support near $2,520 on the hourly chart of ETH/USD. The pair settled below the $2,550 support and