Ethereum Price Struggles to Recover: Short-Term Outlook Weak
Ethereum price gained bearish momentum and traded below $2,350. ETH is consolidating losses and might struggle to recover above $2,350. Ethereum started another decline below $2,350 and $2,320. The price is trading below $2,310 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance at $2,360 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,360 resistance to start a recovery wave in the near term. Ethereum Price Starts Consolidation Ethereum price failed to clear the $2,450 resistance and started another decline....
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