Ethereum price is again moving lower below the $2,200 support. ETH is showing a few bearish signs and might decline further below $2,000.
Ethereum started a fresh decline from the $2,330 resistance zone.
The price is trading below $2,220 and the 100-hourly Simple Moving Average.
There is a connecting bearish trend line forming with resistance near $2,210 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could accelerate lower if there is a break below the $2,135 support.
Ethereum Price Dips Again
Ethereum price failed to gain strength for more gains above the $2,300 resistance. ETH peaked near the $2,330 zone and started a fresh decline, like Bitcoin.
There was a move below the $2,250 and $2,220 levels. The price even dropped below the 50% Fib retracement level of the key increase from the $1,980 swing low to the $2,330 high. The bears are now in control below the $2,180 support zone.
Ethereum is trading below $2,220 and the 100-hourly Simple Moving Average. There is also
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