Ethereum Price Plunges to $1,600: Can Bulls Save the Day?

Ethereum Price Plunges to $1,600: Can Bulls Save the Day?

Ethereum price trimmed all gains and revisited $1,580 against the US dollar. ETH could continue to move down if it settles below the $1,600 support. Ethereum started a fresh decline below the $1,650 support. The price is trading below $1,665 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $1,645 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,650 and $1,665 resistance levels. Ethereum Price Revisits Support Ethereum’s price failed to stay above the $1,665 level and....


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