TA: Ethereum Breaks Key Support, Why Decline Isn’t Over Yet
Ethereum gained bearish momentum below the $3,100 level against the US Dollar. ETH price extended decline and settled below the $3,000 support zone. Ethereum started another decline and traded below the key $3,000 support. The price is now trading below $3,050 and the 100 hourly simple moving average. There is a connecting bearish trend line forming with resistance near $2,990 on the hourly chart of ETH/USD (data feed via Kraken). The pair could recover, but upsides might be capped near the $3,035 level. Ethereum Price Extends Decline Ethereum remained in a bearish zone below the $3,120....
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