Ethereum price is struggling below the $3,400 resistance. ETH is showing a few bearish signs and might decline below the $3,150 support.
Ethereum failed to gain pace for a close above $3,350 and $3,400.
The price is trading below $3,300 and the 100-hourly Simple Moving Average.
There was a break below a key contracting triangle with support at $3,270 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start another increase if it stays above the $3,120 support level.
Ethereum Price Breaks Support
Ethereum price started a decent upward move from the $3,220 level but upsides were limited compared to Bitcoin. ETH cleared the $3,300 resistance before the bears appeared.
A high was formed at $3,361 and the price is now moving lower. There was a move below the $3,250 and $3,220 support levels. Besides, there was a break below a key contracting triangle with support at $3,270 on the hourly chart of ETH/USD.
A low was formed at $3,201 and the price is now consoli
We współpracy z: https://www.newsbtc.com/analysis/eth/ethereum-bears-emerge-3200/
