Ethereum price started a fresh decline below $4,620. ETH is now trading below $4,620 and might extend losses if it stays below $4,585.
Ethereum is now correcting gains below the $4,620 zone.
The price is trading below $4,600 and the 100-hourly Simple Moving Average.
There is a bearish trend line forming with resistance at $4,580 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a fresh increase if it settles above $4,580 and $4,620.
Ethereum Price Faces Hurdles
Ethereum price started a fresh decline after it failed to stay above the $4,650 zone, like Bitcoin. ETH price corrected gains and dipped below the $4,600 support.
There was a move below the 50% Fib retracement level of the upward move from the $4,268 swing low to the $4,765 high. The bears were able to push the price below $4,500 and the 100-hourly Simple Moving Average. Besides, there is a bearish trend line forming with resistance at $4,580 on the hourly chart of ETH/USD.
Ethereum price
We współpracy z: https://www.newsbtc.com/analysis/eth/ethereum-price-need-breakout-4620/
