TA: Ethereum Dips From $2K, Why 100 SMA Might Spark Fresh Increase

TA: Ethereum Dips From $2K, Why 100 SMA Might Spark Fresh Increase

Ethereum struggled to gain pace above the $2,000 resistance against the US Dollar. ETH is correcting lower, but dips might be limited below the $1,900 zone. Ethereum started a downside correction from the $2,000 resistance zone. The price is still trading above $1,900 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,905 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above $1,900 and the 100 hourly SMA. Ethereum Price Reaches Key Support Ethereum attempted an upside break above....


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