Ethereum price started a downside correction from the $3,500 resistance. ETH is consolidating above $3,120 and facing many hurdles.
Ethereum failed to gain pace for a close above $3,500 and corrected gains.
The price is trading below $3,320 and the 100-hourly Simple Moving Average.
There is a short-term connecting bearish trend line forming with resistance at $3,380 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start another increase if it clears the $3,300 resistance level.
Ethereum Price Dips To Support
Ethereum price started a decent upward move above the $3,320 level but upsides were limited compared to Bitcoin. ETH failed to gain pace for a close above $3,500 and corrected gains.
There was a move below the $3,320 and $3,300 support levels. A low was formed at $3,141 and the price is now consolidating losses. There was a minor increase above the $3,200 level. The price climbed above the 23.6% Fib retracement level of the recent decline from the
We współpracy z: https://www.newsbtc.com/analysis/eth/ethereum-price-rejection-3500/
