Ethereum price struggled to extend gains above the $3,220 resistance zone. ETH is slowly moving lower and approaching the $3,060 support.
Ethereum is consolidating and facing hurdles near $3,200.
The price is trading below $3,120 and the 100-hourly Simple Moving Average.
There is a connecting bullish trend line forming with support at $3,070 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a fresh increase if it clears the $3,120 resistance zone.
Ethereum Price Dips Again
Ethereum price attempted an upside break above the $3,220 resistance but failed unlike Bitcoin. ETH started a fresh decline below the $3,150 and $3,120 support levels.
There was a move below $3,100 and the price tested $3,070. A low is formed at $3,069 and the price is now consolidating. It tested the 23.6% Fib retracement level of the recent decline from the $3,224 swing high to the $3,069 low.
Ethereum price is now trading below $3,120 and the 100-hourly Simple Moving Average.
We współpracy z: https://www.newsbtc.com/analysis/eth/ethereum-price-challenges-3220/
