TA: Why Ethereum Needs To Clear $2,650 For Hopes of a Fresh Rally
Ethereum extended decline below the $2,525 support zone against the US Dollar. ETH price remained bid near $2,500 and currently attempting an upside break. Ethereum is still struggling to clear the $2,600 and $2,625 resistance levels. The price is now trading below $2,600 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $2,580 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it fails to clear $2,625. Ethereum Price Faces Hurdles Ethereum started a fresh decline from well the $2,625 zone.....
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