Ethereum price struggled to continue higher above $3,420 and dipped. ETH is now approaching $3,150 and might struggle to start a fresh increase.
Ethereum started a fresh decline from the $3,420 resistance zone.
The price is trading below $3,250 and the 100-hourly Simple Moving Average.
There was a break below a key contracting triangle with support at $3,320 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start another increase if it stays above the $3,150 support level.
Ethereum Price Breaks Support
Ethereum price started a decent upward move from the $3,280 level, like Bitcoin. ETH was able to surpass the $3,320 and $3,350 resistance levels.
The pair even surpassed $3,400 and tested $3,420. A high was formed at $3,427 and the price corrected most gains. There was a move below the $3,320 and $3,220 support levels. Besides, there was a break below a key contracting triangle with support at $3,320 on the hourly chart of ETH/USD.
A low was formed at $3,
We współpracy z: https://www.newsbtc.com/analysis/eth/ethereum-battle-persists-3250/
