Ethereum price started a fresh increase and remained stable above $2,380. ETH is now correcting gains and might decline if it trades below $2,300.
Ethereum started a downside correction from the $2,420 zone.
The price is trading below $2,350 and the 100-hourly Simple Moving Average.
There was a break below a bullish trend line with support at $2,365 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to move down if it stays below the $2,365 zone.
Ethereum Price Trims Gains
Ethereum price managed to stay above the $2,320 support and started a fresh increase, like Bitcoin. ETH price gained pace for a move above $2,380 and $2,385.
However, the bears were active near $2,420. The last swing high was formed at $2,423 before there was a downside correction. The price dipped below the $2,365 level. Besides, there was a break below a bullish trend line with support at $2,365 on the hourly chart of ETH/USD.
The price even tested the 50% Fib retracement
We współpracy z: https://www.newsbtc.com/analysis/eth/ethereum-price-struggles-2400/
