Ethereum price corrected gains and tested the $2,400 support. ETH is now consolidating and might aim for a fresh increase above the $2,465 resistance.
Ethereum started a downside correction below the $2,500 zone.
The price is trading just above $2,430 and the 100-hourly Simple Moving Average.
There is a short-term rising channel forming with support at $2,420 on the hourly chart of ETH/USD (data feed via Kraken).
The pair must stay above the $2,400 support level to start another increase in the near term.
Ethereum Price Holds Support
Ethereum price failed to extend gains above the $2,500 resistance zone. ETH started a downside correction like Bitcoin and traded below the $2,465 support zone.
There was also a move below the $2,420 level. The price tested the 50% Fib retracement level of the upward wave from the $2,310 swing low to the $2,519 high. It seems like the bulls are now protecting more downsides below the $2,400 support level.
Ethereum price is now trading just abo
We współpracy z: https://www.newsbtc.com/analysis/eth/ethereum-price-support-2400/
