Ethereum price started a fresh decline and traded below $1,980. ETH is now consolidating and remain at risk of another decline below $1,920.
Ethereum struggled to extend gains above $2,000 and corrected lower.
The price is trading below $1,980 and the 100-hourly Simple Moving Average.
There is a bearish trend line forming with resistance at $1,960 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a fresh decline if it stays below the $2,000 zone.
Ethereum Price Remains In The Red
Ethereum price failed to stay above $2,000 and started a fresh decline, like Bitcoin. ETH price traded below the $1,980 and $1,960 levels to enter a bearish zone.
The pair dipped below the 50% Fib retracement level of the upward move from the $1,745 swing low to the $2,168 high. The bears even pushed the price toward the $1,900 support. Besides, there is a bearish trend line forming with resistance at $1,960 on the hourly chart of ETH/USD.
Ethereum price is now trading
We współpracy z: https://www.newsbtc.com/analysis/eth/ethereum-price-rejected-again-2000/
