TA: Ethereum Prints Bearish Technical Pattern, Why It Could Revisit $2.5K
Ethereum settled below the $3,000 support zone against the US Dollar. ETH price could continue to move down if it stays below the $3,000 pivot level. Ethereum started a downside correction after it failed to stay above the $3,200 level. The price is now trading below $3,000 and the 100 hourly simple moving average. There is a key declining channel forming with resistance near $2,900 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend decline if there is a clear move below the $2,800 support zone. Ethereum Price Remains At Risk Ethereum failed to stay above the....
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