Ethereum price failed to recover further above $3,650. ETH is trimming gains and might decline further if it dips below the $3,360 support.
Ethereum started a fresh decline after it failed to stay above $3,620.
The price is trading below $3,550 and the 100-hourly Simple Moving Average.
There was a break below a bullish trend line with support at $3,575 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to move down if it settles below the $3,360 zone.
Ethereum Price Dips Again
Ethereum price started a recovery wave above $3,400 and $3,550, like Bitcoin. ETH price was able to climb above the $3,600 and $3,620 resistance levels.
However, the bears remained active near the $3,650 zone. A high was formed at $3,658 and the price started a downside correction. There was a move below the $3,550 level. There was a break below a bullish trend line with support at $3,575 on the hourly chart of ETH/USD.
The price tested the 50% Fib retracement level of t
We współpracy z: https://www.newsbtc.com/analysis/eth/ethereum-pullback-reaches-support-3420/
