TA: Ethereum Corrects Gains, Why ETH Could Restart Increase

TA: Ethereum Corrects Gains, Why ETH Could Restart Increase

Ethereum struggled to gain momentum above the $3,200 resistance against the US Dollar. ETH price is correcting gains, but it might find support near $3,030. Ethereum started a downside correction after it spiked towards the $3,240 level. The price is still trading above $3,000 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $3,160 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above $3,030 and $3,000 to start a fresh increase in the near term. Ethereum Price Remains Supported Ethereum remained well bid....


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