Ethereum price struggled to continue higher above $3,350 and dipped. ETH is now correcting losses and might face resistance near the $3,220 zone.
Ethereum started a fresh decline below the $3,220 resistance zone.
The price is trading below $3,200 and the 100-hourly Simple Moving Average.
There is a key bearish trend line forming with resistance at $3,270 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start another decline if it stays below the $3,300 level.
Ethereum Price Dips Further
Ethereum price started a fresh decline below the $3,320 and $3,220 levels, like Bitcoin. ETH even declined below the $3,050 level before the bulls appeared.
A low was formed at $3,021 and the price is now correcting losses. There was a move above the $3,050 and $3,120 levels. The price surpassed the 23.6% Fib retracement level of the downward move from the $3,427 swing high to the $3,021 low.
Ethereum price is now trading below $3,220 and the 100-hourly Simple Moving Av
We współpracy z: https://www.newsbtc.com/analysis/eth/ethereum-price-struggles-3220/
