Ethereum price failed to clear the $3,650 resistance. ETH declined again after the Fed decision and now shows bearish signs below the $3,550 level.
Ethereum started a fresh decline below the $3,580 support zone.
The price is trading below $3,550 and the 100-hourly Simple Moving Average.
There is a major bearish trend line forming with resistance near $3,610 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could extend losses if it stays below the $3,600 resistance zone.
Ethereum Price Dips Again
Ethereum price attempted a recovery wave above the $3,550 and $3,580 resistance levels. However, ETH failed to settle above the $3,650 level and started another decline. There was a steady decline below the $3,580 level, like Bitcoin.
The price declined below the $3,550 support level. There was a move below the 61.8% Fib retracement level of the upward move from the $3,431 swing low to the $3,655 high.
Ethereum is now trading below $3,550 and the 100-hourly Simple Mo
We współpracy z: https://www.newsbtc.com/analysis/eth/ethereum-price-slope-3550/
