Ethereum Price Faces Renewed Pressure—Is a Breakdown Imminent?
Ethereum price is moving lower from the $2,800 zone. ETH might gain bearish momentum if it dips below the $2,650 support zone. Ethereum started a fresh decline below the $2,720 level. The price is trading below $2,700 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $2,680 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent upward move if it settles above $2,700 and $2,720. Ethereum Price Dips Again Ethereum price attempted a fresh increase above the $2,650 level, like Bitcoin. ETH broke the $2,720....
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Ethereum price after an upside move faced sellers near $10.58 against the US Dollar, and it looks like ETH/USD is back under a minor bearish pressure. Key Highlights. ETH price seems to be struggling near the $10.58-10.60 levels against the US Dollar. Yesterday’s highlighted connecting resistance trend line on the hourly chart of ETH/USD (data feed via SimpleFX) continued to act as a barrier near $10.56. The price is now moving back down, and may find support near the 100 hourly simple moving average at $10.35. Ethereum Price Support. We saw yesterday how there was a nice upside move in....