TA: Ethereum Struggles Below $2.5K, Why 100 SMA Is The Key
Ethereum is consolidating below $2,500 against the US Dollar. ETH price could continue to move down if there is no break above $2,500 and $2,550. Ethereum managed to stay above the $2,320 and $2,300 support levels. The price is still trading below $2,500 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $2,450 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if there is a clear move above $2,450 and $2,500. Ethereum Price Holds Support Ethereum declined below the $2,550 support after there....
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