TA: Ethereum Topside Bias Vulnerable If It Continues To Struggle Below $1.4K

TA: Ethereum Topside Bias Vulnerable If It Continues To Struggle Below $1.4K


Ethereum is struggling to gain pace above $1,350 against the US Dollar. ETH must clear the $1,380 and $1,400 levels to start a steady increase.

Ethereum is facing an increase in selling below the $1,400 level. The price is now trading below $1,400 and the 100 hourly simple moving average. There is a new connecting bearish trend line forming with resistance near $1,350 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 formed a base above the $1,300 level and recently started an upside correction. ETH was able to recover above the $1,320 and $1,325 levels.

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There was a move above

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