Ethereum price failed to stay above $3,250 and extended losses. ETH is down over 5% and might struggle to recover above $3,250 in the near term.
Ethereum started a fresh decline after it failed to stay above $3,200.
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 $3,160 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to move down if it settles below the $3,000 zone.
Ethereum Price Dips Further
Ethereum price failed to continue higher above $3,350 and started a fresh decline, like Bitcoin. ETH price dipped below $3,200 and entered a bearish zone.
The decline gathered pace below $3,150 and the price dipped below $3,050. A low was formed at $3,003 and the price is now correcting some losses. There was a move toward the 23.6% Fib retracement level of the recent decline from the $3,560 swing high to the $3,003 low.
Ethereum price is now trading below $3,200
We współpracy z: https://www.newsbtc.com/analysis/eth/ethereum-slips-to-3k/
