Ethereum Price Hit Hard—10% Drop Sparks Selloff Fears
Ethereum price failed to recover above $1,620 and dropped below $1,500. ETH is now consolidating losses and might face resistance near the $1,520 zone. Ethereum failed to stay above the $1,600 and $1,550 levels. The price is trading below $1,550 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $1,520 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains at risk of more losses if it fails to clear the $1,410 resistance zone. Ethereum Price Recovery Fades Ethereum price failed to stay above the $1,620 support zone....
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