Ethereum price started a fresh decline and traded below $2,250. ETH is now consolidating above $2,175 and might struggle to recover.
Ethereum started a downside correction from the $2,330 zone.
The price is trading below $2,220 and the 100-hourly Simple Moving Average.
There was a break below a bullish trend line with support at $2,210 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a fresh increase if it stays above the $2,140 zone.
Ethereum Price Dips Again
Ethereum price failed to remain stable above $2,250 and started a downside correction, like Bitcoin. ETH price dipped below the $2,220 and $2,200 levels.
Besides, there was a break below a bullish trend line with support at $2,210 on the hourly chart of ETH/USD. The pair traded as low as $2,176, and is currently consolidating losses below the 23.6% Fib retracement level of the downward move from the $2,329 swing high to the $2,175 low.
Ethereum price is now trading below $2,250 and the 10
We współpracy z: https://www.newsbtc.com/analysis/eth/ethereum-price-slips-below-2200/
