Ethereum Price Analysis: ETH Turns Red Again, Risk of More Downsides

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Ethereum price is showing bearish signs below the $1,250 resistance zone against the US Dollar. ETH price is now trading below $1,240 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $1,270 on the 4-hours chart (data feed from Coinbase). The pair could start a recovery wave if it clears the $1,220 resistance zone. Ethereum price is struggling below $1,250 against the US Dollar. ETH/USD remains at a risk of more losses if there is a break below the $1,150 zone. Ethereum Price Analysis This past week, ethereum faced

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Author: NixCoin

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