Ethereum Price Prints Bearish Technical Pattern, Why It Could Revisit $1,800
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Ethereum price extended its decline below $1,880 against the US Dollar. ETH is showing bearish signs and might decline further toward $1,800. Ethereum is currently attempting a recovery wave from the $1,825 zone. The price is trading below $1,880 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $1,905 on the hourly chart of ETH/USD (data feed via Kraken). The pair could attempt a fresh increase but upsides might be capped near $1,900. Ethereum Price Faces Resistance Ethereum’s price failed to continue higher above the $1,925 resistance and started a fresh decline.
Ethereum price started a downside correction below the $1,850 zone. ETH is now consolidating and might drop further below the $1,785 support zone. Ethereum started a fresh decline below the $1,850 and $1,820 levels. The price is trading below $1,800 and the 100-hourly Simple Moving Average. There is a key…
Ethereum price started another decline and traded below the $1,880 level. ETH is now consolidating and remains at risk of more losses. Ethereum struggled to continue higher above the $2,000 resistance level. The price is trading below $1,880 and the 100-hourly Simple Moving Average. There is a connecting bearish trend…
Ethereum price started a fresh increase above the $1,800 zone. ETH is now correcting gains and trading below the $1,820 support zone. Ethereum remained strong above $1,750 and started a fresh increase The price is trading below $1,820 and the 100-hourly Simple Moving Average. There is a short-term bearish trend…