TA: Why Ethereum (ETH) Below $3K Could Spark Larger Degree Correction
Ethereum extended its decline below the $3,120 support against the US Dollar. ETH price even spiked below $3,000 and it remains at a risk of more downsides. Ethereum started a major decline below the $3,200 and $3,120 support levels. The price is now trading below $3,100 and the 100 hourly simple moving average. There was a break below a key contracting triangle with support near $3,150 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if there is a close below the $3,000 support. Ethereum Price Extends Losses Ethereum failed to stay above the....
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