Ethereum price started a fresh decline from the $2,780 resistance zone. ETH is now trading below $2,650 and might continue to move down.
Ethereum started a downside correction below the $2,700 level.
The price is trading below $2,650 and the 100-hourly Simple Moving Average.
There was a break below a key bullish trend line forming with support at $2,625 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could extend losses if it trades below the $2,550 support zone in the near term.
Ethereum Price Dips Again
Ethereum price started a fresh increase from the $2,550 support zone, beating Bitcoin. ETH price was able to recover above the $2,650 and $2,750 resistance levels before the bears appeared.
A high was formed at $2,787 and the price is now correcting gains. There was a move below the $2,700 support level. The price dipped below the 50% Fib retracement level of the upward move from the $2,463 swing low to the $2,787 high.
Ethereum price is now trading belo
We współpracy z: https://www.newsbtc.com/analysis/eth/ethereum-price-faces-correction-2650/
