Ethereum price started a downside correction from the $3,500 resistance zone. ETH declined below $3,440 and might struggle to stay above $3,380.
Ethereum is correcting gains from the $3,500 zone.
The price is trading above $3,400 and the 100-hourly Simple Moving Average.
There was a break below a connecting bullish trend line with support at $3,420 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to decline further if there is a close below the $3,350 support.
Ethereum Price Retreats From $3,500
Ethereum price started a downside correction from the $3,500 resistance zone. ETH declined below the $3,450 and $3,440 support levels to enter a short-term bearish zone, like Bitcoin.
There was a break below a connecting bullish trend line with support at $3,420 on the hourly chart of ETH/USD. The pair even spiked below $3,400 and the 23.6% Fib retracement level of the upward move from the $3,048 swing low to the $3,516 high.
Ethereum is now trading ab
We współpracy z: https://www.newsbtc.com/analysis/eth/ethereum-price-pulls-back-3350/
