Ethereum Lacks Momentum Above $4,200, But Dips Likely To Be Limited
Ethereum is facing resistance near the $4,250 zone against the US Dollar. ETH must stay above $4,000 to start a steady increase in the near term. Ethereum started a recovery wave after a major drop below $4,000. The price is now trading below $4,250 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $4,150 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh rally if there is a clear break above $4,250 and the 100 hourly SMA. Ethereum Price Recovers Losses Ethereum started a major decline after it broke the....
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