Ethereum price started a fresh decline from the $2,720 resistance. ETH is back below $2,550 and might struggle to start a fresh increase in the short term.
Ethereum started a fresh decline from the $2,720 resistance zone.
The price is trading below $2,550 and the 100-hourly Simple Moving Average.
There was a break below a key bullish trend line with support at $2,560 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could extend losses if it fails to stay above the $2,450 support zone.
Ethereum Price Dives Below $2,550
Ethereum price struggled to stay above $2,650 and started a fresh decline like Bitcoin. ETH declined heavily below the $2,620 and $2,600 levels.
There was a break below a key bullish trend line with support at $2,560 on the hourly chart of ETH/USD. The pair declined below the 50% Fib retracement level of the upward wave from the $2,488 swing low to the $2,719 high. The bears even pushed the price below $2,550.
Ethereum price is now trading belo
We współpracy z: https://www.newsbtc.com/analysis/eth/ethereum-price-tumbles-2550/
