Ethereum price started a fresh decline below $4,220. ETH is now consolidating and might decline further if it breaks the $4,125 support zone.
Ethereum failed to extend gains and declined below the $4,200 zone.
The price is trading below $4,220 and the 100-hourly Simple Moving Average.
There is a key bearish trend line forming with resistance at $4,370 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a fresh increase if it settles above $4,280 and $4,320.
Ethereum Price Is Now At Risk
Ethereum price failed to continue higher above the $4,500 zone and started a fresh decline, like Bitcoin. ETH price declined below the $4,420 and $4,350 support levels.
The bears even pushed the price below $4,200. A low was formed at $4,000 and the price recently started a minor recovery wave. There was a move above the 23.6% Fib retracement level of the downward wave from the $4,636 swing high to the $4,000 low.
Ethereum price is now trading below $4,220 and the
We współpracy z: https://www.newsbtc.com/analysis/eth/ethereum-faces-resistance-4360/
