TA: Ethereum Loses Momentum, Why Bulls Could Aim Break Above $4,500
Ethereum failed to test $4,500 and corrected lower against the US Dollar. ETH is trading above $4,150 and it might attempt a fresh increase in the near term. Ethereum started a downside correction below the $4,320 and $4,250 levels. The price is now trading below $4,300 and the 100 hourly simple moving average. There is a key declining channel forming with resistance near $4,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $4,150 support zone. Ethereum Price Eyes Fresh Increase Ethereum failed to settle above $4,400....
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