Ethereum price is struggling to recover above $1,650 against the US Dollar. ETH is showing bearish signs and might dive below the $1,600 support.
Ethereum failed to gain strength for a move above the $1,650 zone.
The price is trading below $1,640 and the 100-hourly Simple Moving Average.
There are two bearish trend lines forming with resistance near $1,630 and $1,640 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could accelerate lower if the bears push it below the $1,600 support.
Ethereum Price Remains At Risk
Ethereum’s price attempted a recovery wave from the $1,600 support zone. ETH price climbed above the $1,630 level but the bears were active near the $1,650 zone, like Bitcoin.
The price is again moving lower and showing bearish signs. There are also two bearish trend lines forming with resistance near $1,630 and $1,640 on the hourly chart of ETH/USD. Ether is now trading below $1,640 and the 100-hourly Simple Moving Average.
On the upside, the price might fac
We współpracy z: https://www.newsbtc.com/analysis/eth/ethereum-price-vulnerability-1600/
