Ethereum price is moving lower from the $2,800 zone. ETH might gain bearish momentum if it dips below the $2,650 support zone.
Ethereum started a fresh decline below the $2,720 level.
The price is trading below $2,700 and the 100-hourly Simple Moving Average.
There was a break below a key bullish trend line with support at $2,680 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a decent upward move if it settles above $2,700 and $2,720.
Ethereum Price Dips Again
Ethereum price attempted a fresh increase above the $2,650 level, like Bitcoin. ETH broke the $2,720 resistance but it failed to clear the $2,800 resistance zone.
A high was formed at $2,791 and the price started a fresh decline. There was a move below the $2,750 and $2,720 support levels. The price dipped below the 50% Fib retracement level of the upward move from the $2,614 swing low to the $2,791 high.
There was also a break below a key bullish trend line with support at $2,680 on th
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