Ethereum price started a fresh decline below $2,000. ETH is now correcting gains above $1,920 and might decline further in the near term.
Ethereum started a downside correction below the $2,020 zone.
The price is trading below $2,000 and the 100-hourly Simple Moving Average.
There was a break below a key bullish trend line with support at $2,020 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 Dips Further
Ethereum price started a fresh decline after it failed to stay above $2,020, like Bitcoin. ETH price declined below $2,000 to enter a bearish zone.
Besides, there was a break below a key bullish trend line with support at $2,020 on the hourly chart of ETH/USD. The pair even dipped below $1,920. A low was formed at $1,912, and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $2,200 swing high to the $1,912 low.
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We współpracy z: https://www.newsbtc.com/analysis/eth/ethereum-price-extends-pullback-1920/
