Ethereum price started a downside correction from the $3,450 zone. ETH is now consolidating and facing hurdles near the $3,250 resistance.
Ethereum started a short-term downside correction from the $3,450 zone.
The price is trading above $3,120 and the 100-hourly Simple Moving Average.
There is a connecting bearish trend line forming with resistance at $3,240 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to rise if it remains stable above the $3,120 zone.
Ethereum Price Hits Support
Ethereum price started a fresh increase above the $3,1200 resistance like Bitcoin. ETH was able to climb above the $3,220 and $3,320 resistance levels to move further into a positive zone.
It even surged above the $3,400 level and traded to a new monthly high. A high was formed at $3,445 before there was a minor pullback. The price dipped below the $3,320 and $3,250 support levels. A low was formed at $3,124 and the price is now consolidating.
Ethereum price is
We współpracy z: https://www.newsbtc.com/analysis/eth/ethereum-price-correction-3120/
