Ethereum started a fresh decline from the $1,320 resistance against the US Dollar. ETH is struggling and remains at a risk of a move below $1,150.
Ethereum started another decline and traded below the $1,200 support.
The price is now trading below $1,200 and the 100 hourly simple moving average.
There is a key contracting triangle forming with resistance near $1,190 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to move down unless the price climbs above the $1,220 resistance.
Ethereum Price Turns Red
Ethereum price failed to stay above the $1,300 support zone. ETH reacted to the downside and traded below the $1,250 support zone to move into a bearish zone, similar to bitcoin.
The decline gained pace below the $1,200 level and the 100 hourly simple moving average. Ether price traded as low as $1,154 and is currently consolidating losses. There was a minor increase above the $1,180 resistance zone, but the bears remained active.
Ether price is now trading
We współpracy z: https://newsbtc.com/analysis/eth/ethereum-price-suffers-setback-1150/
